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Coding Multi Time Frame (MTF) Indicators with NinjaTrader
Have promoted the Opening Range and Initial Balance Range Bands indicators to the download section of the forum. Please let me know, if anything does not work as expected.
Exported using NT Version 7.0.1000.26
Indicator will only run on NT 7.0.1000.5 or later.
The indicator displays the current open, the initial balance (IB) and upper and lower range bands that are calculated by adding and subtracting fractions …
Hello Fat Tails. With the VisualSMAX2 that you provided I have been experimenting with overlaying a 12 tick renko SMA onto a 6 tick renko chart with it's own SMA. When eyeballing the charts some interesting relationships jumped out at me when comparing the two MA's. The most significant was at major tops and bottoms where frequently the 6 tick renko sma would diverge with the 12 tick renko sma, thus giving a heads up on a possible long term reversal.
I have attached a chart of the TF to show what I mean. It occurred to me that it would be beneficial if an oscillator could be created based on MTF MA's. I know this may be too ambitious or difficult to accomplish but I thought I'd plant the seed. Thanks for everything you do.
Hi Fat Tails,
i only trade with moving averages and the indicator you coded is perfect for my trading. Thank you for that
The problem i have is that with a muti frame indicator it is very difficult to find the best settings. Different moving average types, period, displacement...
I was wondering if you could make NT show the moving averages that go over 2 or more points by clicking on the candels (or renko bar), high low or close. Nt should find the best MA in the best period and best displacement.
Maybe we could add some settings to eliminate small MA's, and a margin of more or less (x) points (if the indicator is to precise we won't have any MA)
Every indicator should set themselves automatically. (easy to say when your not a programmer )
If want to find witch moving averages cross themselves at one precise point, it would be easier to click on the highest (or lowest) candel and let NT do the job.
Excuse my english, i hope you understood me...
Thanks again for the great work you've already done.
Interesting idea, but I do not know of any self-setting moving averages. If you want them to be self-setting, you would need to specify the exact rules and backtest them first. Let me know, when you have it finished.
Thank you for your quick reply.
By self setting i meant to find the more accurate moving average (ema, sma, hma etc..) and the more accurate timeframe going over the highest (+or- x points) or the lowest (+or- x points) or the close (+or- x points) of 2 or 3 candles we could select by clicking.
plus an option to eliminate the ma's under (x) period
What is a "more accurate moving average" and what is a "more accurate timeframe"? What means "+or- x points"?
Do you mean 2 or 3 candles, you need to decide. What means "(x) period"?
I don't understand this, although I am willing to understand.
It is quite an unusual idea to adapt moving averages with hindsight. First this has nothing to do with multi-timeframe indicators, but you only need to find a period that corresponds to those anchor points that you have identified.
The only concept that I know and which comes close to your idea uses anchored volume weighted moving averages. You can select key pivot highs and lows as anchor points and start calculating a volume weighted average price from these points.
If you want to discuss this concept, I suggest opening a new thread - if need in the French subsection of the forum -, as it is not related to MTF coding.
Thanks for your answer. I thought it was an interesting option for all multi-timeframe indicators. No need to tweak anymore, just select anchor points. It is easier. It works for bollinger, ma's, macd etc...
Do you remember the name of the indicator you're talking about ?
