"Only" one thing forgotten
Here is a version that is compatible with the new metatrader 4 builds
Need help determining if there is errant redrawing going on with my favorite mtf indicator the Stochastic_2sigMAs_mtf+histo. I use the H4 TF and set the indicator to D1. I set the color of the stochastic line to none and merely show the two sigmas. I also set the price to 1 (open) so that in theory nothing changes during the D1 period.
The problem I am having is that sometimes when the market is active I can actually see slight up/down movement of the first MA when it shouldn't move until the open of the next day. I use the up/down movement of the first MA as a signal to buy or sell (rather than whether the MAs cross or not). I am not a good enough programmer to follow the code to determine if something is causing the MA to recalculate with tick activity rather than at the open of the next day. Also, there have been times when I didn't observe a change of direction but, went back later (perhaps a couple of bars) and there was a change earlier that would have been a signal. I am now a little nervous about this my absolute favorite mtf indicator.
If someone would look into this I would be extremely grateful.
The built in stochastic uses 2 combinations of prices : close to close or high to low
When you set the stochastic price to 1, you are actually using close to close prices (it is different than in using other indicators and prices for it) That is why you are getting those changes
Can you make this indicator compatible with the latest build. Thanks in advance. Cheers!
Here you go. Try it out
Thank you very much for your help!
Multi time frame version of price pre-filtered kaufman ama posted here : https://www.mql5.com/en/forum/173235/page71
DSS Bressert - rsi mtf made new metatrader 4 compatible dss_bressert_-_rsi_mtf_nmc.mq4
Please makr this indicator MTF
Made it mtf and compatible with newer mt4 builds.