Whouaaa MrTools you're so fast
I'm just waking up and you made it
It works great but I see a little problem as you see on my pictures. It seems to have one candle of difference between the timeframe
As you see, on timeframe 15 minutes, between the 2 red lines, the indicator going up, but when I go in 1 minute, the indicator is still going down
And, I don't know why, but I thought about this indi when I'm taking my coffee (real), and I have an idea to ameliorate this indicator
Can you add 2 more colors (4 in total, with possibility to choose each of them)
Green light when it goes up in overbuy/oversell zone
Red light when it goes down in overbuy/oversell zone
Green dark when it goes up between overbuy/oversell zone
Red dark when it goes down between overbuy/oversell zone
And can you create another indicator (the same), but in histo bars this time with these 4 colors
Thanks a lot a lot for all your work
QUOTE=mrtools;628030]Zilliq, made the colors by slope and mtf'd it.
The Vegas MTF has a problem with the Risk Model Parameter. The original Vegas compared with MTF Indicator with same time frame, looks differently. The Channel is open too widely, Sorry.
But why this indicator doesn't plot signal on first bar (after closed bar) when signal change !?
Thanks and Good eye Secretcode, try this version.
Kindomvault, what I did was add code for extra digit brokers to get it like it is now, if you prefer the first way can remove that code, its no problem, when i first saw it thought it wasn't displaying correctly, that was why i added that.
Thanks a lot Mrtools It is much better now
Zilliq, I rechecked the code and it seemed fine, tested it on a chart and it seemed to be working correctly to me. How I checked it was first on say a m15 chart marked the start and end of a green section, then changed the timeframe down to m1 then counted the green steps between the lines, there should be 15 one for every minute difference.
Thanks Mr Tools for the answer
I made another test, and it seems perhaps to be a problem of display
I use a Dax graph
As you see on my first graph TF15, there is a good change of colors when there is a reversal (green->rose or rose->green)
But if you go in lower timeframe , in one minute on my graph, you see that betwwen the 2 candles oftimeframe 15, the point of the indicator is well lower or higher BUT the line between the 2 candles doesn't change (stay rose or green)
in timeframe 15 at 16h00 it becomes green, but in timeframe 1 minute it stays rose until the next point at 16h15 (it must be green as TF15)
in timeframe 15 at 19h00 it becomes rose, but in timeframe 1 minute it stays green until the next point at 19h15 (it must be rose as TF15)
You "just" have to change the code to have the same colors of line (between the 2 candles) in timeframe 1 (for this example) than in timeframe 15. The points of the indicator seems to be good, but the colors of lines between the points are wrong (TF15/TF1) but only when there is a reversal
Thanks for that and for your work
Another example (actually on Dax)
Between the 2 (good) points the line stay rose and don't become green (going up from a lower point to a higher point)
Thanks a lot mr Tools for your help
Open the data window and check what are the values for that points. Do not try to determine the slope visually but always check in the data window. Also, in multi time frame, the bar starts from the last bar belonging to the higher time frame (last bar for 15 minute on a 1 minute chart are 14 minutes, 29 minutes, 44 minutes and 59 miinutes) If you look at the 15 minutes chart it is not so (due to bars allignmet to 15 minutes)
Yes on these last point on the data windows (12 and 26), the first point is well lower than the second
Is it possible to modify the code, or add on option "StepOnCurrent" to have the step (green in the last example) on close (at the end, as actually), or during the TF (and so the line will change during the candle TF15) ?
Thanks MLaden and Mr tools
Have a nice day