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Cool Multitimeframe Chart
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Cool Multitimeframe Chart

  #31 (permalink)
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Mike,

This is awesome cool....but I can't get the secondary series to lay on top of the primary series....


I used your template. The screenshot is what I got straight out of the box.

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Any suggestions?

Brian

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  #32 (permalink)
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PandaWarrior View Post
Mike,

This is awesome cool....but I can't get the secondary series to lay on top of the primary series....


I used your template. The screenshot is what I got straight out of the box.



Any suggestions?

Brian

Apparently the chart template requires three data series to work properly. I added the third one back and it shows up ok.

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  #33 (permalink)
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PandaWarrior View Post
Mike,

This is awesome cool....but I can't get the secondary series to lay on top of the primary series....


I used your template. The screenshot is what I got straight out of the box.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Any suggestions?

Brian

The second data series is behind the bars you can see. Click on the bars you can see and when they have black dots on them hold down shift and use the scroll wheel to move them to the background. Also check bar width using data series menu.

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  #34 (permalink)
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Seems that some aren't sure how to set up a chart like this and templates aren't as helpful for these charts as you may want. Not a problem with NT either.

Anyway...here are the instructions for setting up your own multitimeframe chart from scratch.

Let's say you are creating a chart with a 5 minute and 1 minute dataseries.
1. create a new chart
2. Add both the 5 minute and 1 minute dataseries. The first one you add is the default dataseries for the chart. That knowledge may or may not be useful to you. It just depends on what you are doing with your chart. I am trading on the 1 minute dataseries so I added the 1 minute first and then the 5 minute.
3. You can change the chart style to whatever you like. Personally I like to use the Box chartstyle for the larger (5 minute) dataseries and set the outline colors to transparent.
4. Because I'm not looking at the candle stick patterns, I'm not interested in the wicks and sticks. So, using Boxes as the chartstyle works very well for both the 1 minute AND 5 minute dataseries.
5. Click the ok button and view your chart. You may not see both dataseries on the chart. This is caused by the fact that the 5 minute is on top of the 1 minute. So left click and hold the mouse button on the one of the 5 minute boxes. Then roll the scroll wheel until the the 1 minute is on top of the 5 minute. You really need to know how to do this with NT because you can reorder the indicators the same way.

Also you can add indicators to this chart. Be sure to change the input series of the indicator to be either the 1 minute or 5 minute dataseries.

That is all there is to it. So, now you don't have to ask and wait for a template. You can do it yourself.

Would be nice to hear from others as to how you are using this MultimeFrame capability.

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  #35 (permalink)
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Interesting Observation/Problem

Doing a lot of experimentation with the different timeframe combinations. I put up a 5 minute with a 400 volume chart. I noticed that in this cofiguration, then 5 minute dataseries closes a bar 1 minute later than the regular 5 minute chart that has nothing but the 5 minute dataseries on it. In other words, the 5 minute should close every 5 minutes with a timestamp of 9:30, 9:35, 9:40 etc. that doesn't happen when the 5 min is used with a 400 v chart. The timestamp of the the minute bar in that configuration is a minute later or more precisely has the timestamp of the 400 v bar that closes. Now that may not be a problem for you but if you want the 5 minute bar to be a real 5 minute bar then it's a problem.

Some may want a picture to illustrate this problem. Check it out yourself by putting up a 5 min/ 400v chart and then just a 5 minute chart. Also put the BarTimer indicator on both and you'll see that the BarTimer is reporting the 5 min barclose a minute differently. At least that's what I see.

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  #36 (permalink)
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MWinfrey View Post
Doing a lot of experimentation with the different timeframe combinations. I put up a 5 minute with a 400 volume chart. I noticed that in this cofiguration, then 5 minute dataseries closes a bar 1 minute later than the regular 5 minute chart that has nothing but the 5 minute dataseries on it. In other words, the 5 minute should close every 5 minutes with a timestamp of 9:30, 9:35, 9:40 etc. that doesn't happen when the 5 min is used with a 400 v chart. The timestamp of the the minute bar in that configuration is a minute later or more precisely has the timestamp of the 400 v bar that closes. Now that may not be a problem for you but if you want the 5 minute bar to be a real 5 minute bar then it's a problem.

Some may want a picture to illustrate this problem. Check it out yourself by putting up a 5 min/ 400v chart and then just a 5 minute chart. Also put the BarTimer indicator on both and you'll see that the BarTimer is reporting the 5 min barclose a minute differently. At least that's what I see.

Have you considered creating an indicator that shows what the price action is doing on a higher timeframe chart? For example if you were trading a 1 min chart you could show for each 1 min price bar whether price was up or down on say a 5 min, 15 min and 30 min chart. This would let you trade a normal single small timeframe chart but also let you see the bigger picture. I've considered doing this but don't have the coding skills but it shouldn't be that difficult!

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  #37 (permalink)
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Sierra

I know this is a Ninja thread, but does anyone know if something like this exists for Sierra?

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  #38 (permalink)
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protrader007 View Post
Have you considered creating an indicator that shows what the price action is doing on a higher timeframe chart? For example if you were trading a 1 min chart you could show for each 1 min price bar whether price was up or down on say a 5 min, 15 min and 30 min chart. This would let you trade a normal single small timeframe chart but also let you see the bigger picture. I've considered doing this but don't have the coding skills but it shouldn't be that difficult!

No I haven't...However, for live trading another indicator wouldn't be necessary if you use a chart like what I described in my first post. The color of the larger timeframe bar changes from green to red as price moves. So, in a live market you will know from tick to tick what the higher timeframe chart is doing. Now this is assuming I have interpreted your intent correctly.

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  #39 (permalink)
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If you use one of Fat Tails' Visual SMA or Visual EMA and use 1 period for the higher intervals: 5m, 10m, 15m 30m etc.) you'll be able to see if the last candle was up or down on your 1 minute timeframe for each of these higher timeframes.


protrader007 View Post
Have you considered creating an indicator that shows what the price action is doing on a higher timeframe chart? For example if you were trading a 1 min chart you could show for each 1 min price bar whether price was up or down on say a 5 min, 15 min and 30 min chart. This would let you trade a normal single small timeframe chart but also let you see the bigger picture. I've considered doing this but don't have the coding skills but it shouldn't be that difficult!


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  #40 (permalink)
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protrader007 View Post
Have you considered creating an indicator that shows what the price action is doing on a higher timeframe chart? For example if you were trading a 1 min chart you could show for each 1 min price bar whether price was up or down on say a 5 min, 15 min and 30 min chart. This would let you trade a normal single small timeframe chart but also let you see the bigger picture. I've considered doing this but don't have the coding skills but it shouldn't be that difficult!

Here's something you can try...This chart has 6 time frames on it, Daily, 180m, 60m, 30m, 5m, and 1m. There is also 1 indicator, SMA(1) that is configured to show as Dots on the Daily which is really only there for a visual. All the lines are price plotted using the "Line on Close" option for the DataSeries. So, the Daily, 180m, 60m, 30m, and 5m show as black lines with the 5m as the thicker black line and the 1m is the red and green OHLC DataSeries.

If you want to set this up for yourself I am including a template. Create a chart with each of those timeframes on it and then apply the template. Let me know what you think.

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