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MTF MACD

by Dr.Hamdi Boukamcha
Name:
MTF MACD
Author: marynarz15 (2009.05.27 08:07)
Downloaded: 6205
Download:
MTF MACD   MTF MACD.mq4 (4.3 Kb) View
MTF MACD is a MetaTrader indicator based on well known MACD. Moving Average Convergence / Divergence, is a technical analysis indicator created by Gerald Appel in the 1960s. It shows the difference between a fast and slow exponential moving average (EMA) of closing prices. Additionally it has signal line which is simple moving average (SMA) of main value of indicator. MACD is a trend following indicator, and is designed to identify trend changes. It’s generally not recommended in ranging market conditions.

In MetaTrader we have MACD already included as a standard technical indicator. However it can be used only for current timeframe. When we are looking for trend, it is very desirable to have MACD showing higher timeframes. MTF MACD presented here has additional parameter – TimeFrame. You can use it to set up higher timeframe from which MACD will calculate its values. Because values are derived from bars, when using higher timeframes, you will notice rough shape of indicator lines.

MTF MACD settings:

  • TimeFrame

Default value is 0 – means current timeframe. For other timeframes: 1=M1, 5=M5, 15=M15, 30=M30, 60=H1, 240=H4, 1440=D1, 10080=W1, 43200=MN1

  • FastEMA

Default value is 12. This is fast exponential moving average.

  • SlowEMA

Default value is 26. This is slow exponential moving average.

  • Signal

Default value is 9. This is signal line and it is simple moving average.

  • Applied_price

Default value is 0 – means Close price used for MA calculations. For other types of price: 0-CLOSE, 1-OPEN, 2-HIGH, 3-LOW, 4-MEDIAN, 5-TYPICAL, 6-WEIGHTED.

  • Shift

Default value is 0. This parameter shifts whole indicator by Shift number of bars from set timeframe to the right on the chart.

Example.

MTF MACD

MTF MACD screenshot

13 comments: 1 2   To post a new comment, please log in or register

Hi Guys

One question to the last part of the code (in start function):

Any suggestions to how to change this code to get this MTF MACD indicator to draw smoother?

Lets say the indicator is used on M1 to draw a M5 MACD (using default setting of 12, 26, 9), the indicator as it is now will reference each close price used in the calculation 5 times until moving to the next closing value (which will be used 5 times again). Thereby getting the stair stepping indicator as displayed in the article.

How can this be changed so the indicator at any given time references the next close price on the main timeframe?
Case:
We’re on M1 with the MTF MACD set to reference M5. Now to get a smoother MACD value I want to, at any time, use current price shift0 and the close price at shift5, shift10, 15, 20, 25 etc.

If on M5 and and MTF MACD set to M15, the indicator should reference current price shift0 and the close price of shift3, shift6, 9 etc.
Or to be more specific:

How do I collect and reference an array of prices where the array is defined from HigherTimeFrame/PresentTimeFrame=TFfactor and # of periods in MACD?

The array for the FastPeriod (in this case FastPeriod=12) is:
Shift0 and 11 periods with the TFfactor between each value (if PresentTimeFrame=M5 and HigherTimeFrame=M15 then the array referenced for the fast period is Shift0, 3, 6, 9, 12, 15, 18, 21, 24, 27, 30, 33 on M5).
And the same principle goes for the SlowPeriod array.

 

I picture that the benefit is that a higher timeframe MACD value is being updated every time the lower timeframe draws a new bar. Of course it will not draw the exact higher-TF MACD value as if a MACD was plotted on that higher TF. But it will give an earlier zero line crossover, and potentially earlier trade signals.

Any comments and help is appreciated. Thanks.

int start()
{
int limit, iChart, iTF, delta=0;
datetime TimeArray[];
if(TimeFrame>Period()) delta=MathCeil(TimeFrame/Period());
int counted_bars=IndicatorCounted();
//---- check for possible errors
if(counted_bars<0) return(-1);
//---- the last counted bar will be recounted
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars+delta;

ArrayCopySeries(TimeArray,MODE_TIME ,Symbol(),TimeFrame); 

iTF=0;
for(iChart=0; iChart<limit; iChart++)
{
while(Time[iChart]<TimeArray[iTF]) iTF++;
MainBuffer[iChart]=EMPTY_VALUE;
SignalBuffer[iChart]=EMPTY_VALUE;
MainBuffer[iChart]=iMACD(Symbol(),TimeFrame,FastEMA,S lowEMA,Signal,AppliedPrice,MODE_MAI N,iTF+Shift);
SignalBuffer[iChart]=iMACD(Symbol(),TimeFrame,FastEMA,S lowEMA,Signal,AppliedPrice,MODE_SIG NAL,iTF+Shift);
}
return(0);
}
25.06.2011 13:12 tttechtrader

This is MetaTrader forum. Please .. No one here is interested in your literacy.

30.05.2009 05:51 marynarz15

marynarz15 wrote:The code I share is entirely mine….

another plagiary

and War and Peace – also yours – same book but yours calls “quite different” (Piece and War), characters quite different too – (Pierre changed to Pedro) … : )))))))))))))))

30.05.2009 04:38 fxxx

Thank you for sharing your opinion. I think you are much more intelligent than me 🙂

30.05.2009 04:23 marynarz15

marynarz15 wrote:
I’m glad you posted this code. Now everyone can see that it is quite different…

Maryna, you seems like not very bright girl, so again – if you think replacing “i” with “A” and “y”with “B”, TF/Per with “delta” (which is TF/Per) etc. would make it “quite different” – you just offending people intelligence – they not as dumb as you … think

30.05.2009 03:15 fxxx

I’m glad you posted this code. Now everyone can see that it is quite different…

29.05.2009 14:05 marynarz15

should be: limit=Bars-counted_bars + TimeFrame/Period();

“programer” – you can’t read or dum?

your “copyright” – right, you copied Kerises indi.., stick some minute changes (your 80% crap) : )))))

btw. it was very first post and Kerises very first mtf ind… Last edited by keris2112; 03-05-2006 at 02:11 AM. – whole thread after that

and btw – maryna, i’m not Keris

regards, fxxx

MTF MACD

//+——————————————————————+
//| MTF_RSI.mq4 |
//| Copyright © 2006, Keris2112 |
//+——————————————————————+
#property copyright “Copyright © 2006, Keris2112”
#property link “http://www.forex-tsd.com

#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 DodgerBlue
#property indicator_level1 30
#property indicator_level2 70

extern int TimeFrame=0;
extern int RSIperiod=14;
extern int applied_price=0;

double ExtMapBuffer1[];
//+——————————————————————+

int init()
{
SetIndexBuffer(0,ExtMapBuffer1);

TimeFrame=MathMax(TimeFrame,Period());
IndicatorShortName(“MTF_RSI(“+RSIperiod+”) [M”+TimeFrame+”] “);

}

return(0);

//+——————————————————————+

int start()
{
datetime TimeArray[];
int i,limit,y=0,counted_bars=IndicatorCounted();

if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars–;

ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame);

limit=Bars-counted_bars + TimeFrame/Period();

for(i=0,y=0;i<limit;i++)
{
if (Time[i]<TimeArray[y]) y++;

ExtMapBuffer1[i]=iRSI(NULL,TimeFrame,RSIperiod,applied_price,y) ;

}

return(0);
}

29.05.2009 07:00 fxxx

fxxx wrote:

keris I checked ‘your code’…

This is what you published:

http://www.forex-tsd.com/attachments/indicators-metatrader-4/4150d1140475808-multi-timeframe-indicators-mtf-set-1.zip

and here we can see how it works:

http://www.forex-tsd.com/attachments/indicators-metatrader-4/4155d1140478448-multi-timeframe-indicators-mtf-example.gif

The code looks like this:

#property copyright “Copyright © 2006, Keris2112”
#property link “http://www.forex-tsd.com

double ExtMapBuffer1[];
int init()
{
SetIndexBuffer(0,ExtMapBuffer1);
SetIndexStyle(0,DRAW_LINE);
switch(TimeFrame)
{


}
IndicatorShortName(“MTF_RSI(“+RSIperiod+”) (“+TimeFrameStr+”)”);
}
return(0);
}
int start()
{
datetime TimeArray[];
int i,limit,y=0,counted_bars=IndicatorCounted();
limit=Bars-counted_bars;
for(i=0,y=0;i<limit;i++)
{
if (Time[i]<TimeArray[y]) y++;
ExtMapBuffer1[i]=iRSI(NULL,TimeFrame,RSIperiod,applied_price,y) ;
}
return(0);
}

And it works like this:

MTF MACD
keris RSI

If you claim copyrights to above code, I see no problem…

For twenty lines of code we have 80% difference. And yours is completely crap…

28.05.2009 17:03 marynarz15

marynarz15 wrote:

The code I share is entirely mine. The code you are refering to is quite different.

I wonder if this works all the time, especially if you have gaps..

if (Time[i]<TimeArray[y]) y++;

I coded few much more complex multi timeframe indicators to some of my clients and they were very happy, so I thought it would be nice to share some very basic version for free with the world.

Thanks for the comment anyway.

: )))))))))))) “entirely yours”? what a b.s.; whom you bulshtng? (may be only those, from whom you collect “billing information”)

basicaly same thing

Keris, Igorad:

ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame);
limit = Bars – counted_bars;
limit = MathMax ( limit, TimeFrame/Period() ); // limit=Bars-counted_bars + TimeFrame/Period();

for(i=0, y=0; i<limit; i++)
{ if (Time[i]<TimeArray[y]) y++;

ExtMapBuffer1[i]=iRSI(NULL,TimeFrame,RSIperiod,applied_price,y) ;
———————-

“you”:

if(TimeFrame>Period()) delta=MathCeil(TimeFrame/Period());
limit=Bars-counted_bars+delta;

ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame);
iTF=0;
for(iChart=0; iChart<limit; iChart++)
{ while(Time[iChart]<TimeArray[iTF]) iTF++; …
ExtMapBuffer1[iChart]=iRSI(Symbol(),TimeFrame,RSIPeriod,Applied_price, iTF+Shift);

what is “quite different”?: you called “i” – “iChart”, y -“iTF”; “while” insead of “if”-different, the rest – same thing : ))))))))))
——————————

shift (iTF+Shift ) – works too bad; it normaly goes in init:

TimeFrame = MathMax(TimeFrame,Period());
SetIndexShift(0,shift*TimeFrame/Period());

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