Sorry, I don't have much experience with that. The indicator shows the daily open.How does a MTF MA then show the weekly/monthly open? Secondly, I haven't got a MTF MA to try that out. Could you please post one. Thanks!
Here is a MTF MA set to 1 and daily TF( blue line) and the PVD which shows the daily open anyway (red line). If tried the MA with the same settings as the PVD...it's even more different.
The second difference I just noted is that the MA naturally moves with the price within the higher period candle while the PVD stays with the opening and moves then moves to the opening of the next period candle.
If you set the price of the MA to open, it will not move (use 1 for price field)
Geez, yeah, it's pretty logic. I should have used the opening price. Thanks for your patience!
mladen i saw your post about sidus v3 that this is not repaint .will you please make a mtf version of this indicator thanks
Try it out : sidus_v3_mtf.mq4
how to avoid this? the indicator is this: Forex TSD - forex forum - Download MACD in color - mtf nmc.mq4
i trade with 4h time frame. we can make profit with each time frame. with long term stategy we can trade with 4h, daily or weekly time frame. h1, 30M is short term trading.
thanks mladen i have another one this is best too .. i like this indicator ..i want this mtf too ..