Is there anything else that you would recommend in tape version or so as a secondary tool
It all depends on your system
But if you are looking for confirmation indicator avoid any indicator that recalculates to be a confirmation indicator (invert the logic of it if you use recalculating indicator - recalculating should be the estimator / guessing one , and the non-recalculating the confirmation/decision making one)
So, it is just a matter of choosing among a lot of possible combinations what suits your trading style the best
Your absolutely right, Thanks for your insight .
Hello, can someone be so kind and make this 2 indis mtf? and add an input for "shift to right" to both? (macd is not really important, i may find am mtf-macd here, but i would be very happy about an kaufmann-bands-mtf)
Hello Marley60, made the Kaufman bands mtf with a shift.
this indicator is Ao that identify bill williams AO signal. i want change this indicator with 2 condition :
1- multi time and arrow with 6 color (double for each signal).
2- alert with signal arrow
If you wish to have AO on chart, simply take any multi time frame MA cross indicator with alerts, set the periods to 5 and 34, ma method to sma (value 0 in the ma method field) and price to median (value 4 in the price field) and that is it - that is an awesome oscillator on chart
Thanks mladen .
i know that but i want my indicator change to multi time with alert and arrow.
Marley60, added mtf, shift, and hopefully fixed repainting issues that was probably a problem with the version posted.
Arak_fx, made a mtf version.
Kaufman Bands MTF
Hi, could you please alter the code so I can also set it either to fixed MTF or to show automatically next higher TF to the current TF of the chart. thank you!