Dazi MTF Stochastics
Stochastic is capable of operating at higher timeframes (MTF).
This indicator is designed to operate on smaller timeframes (timeframe chart, on which the indicator), while it calculates the values with higher timeframes (working timeframe).
It has 3 advantages:
- Buffer shift corresponds to the operating timeframe (MTF) (When used in conjunction with an expert)
- Visualization backtesting
- It works on any time frame (E.g., H12 or D2)
In addition to the standard parameters of the indicator has two additional parameters:
- Timeframe, which will operate an indicator (MTF) (optional parameter)
Selected from these timeframes. It can not be less than the timeframe chart, running indicator. But if the timeframe schedule yet more force becomes smaller timeframe chart.
- timeframe coefficient (additional parameter)
Value which is multiplied timeframe. Mandatory minimum value – “1”.
- KPeriod (standard parameter)
- DPeriod (standard parameter)
- Slowing (standard parameter)
Indicator called with iCustom (NULL, 0, “di_MTF-Stochastic”, …., a buffer, shift).
It corresponds to the provided buffer and the desired buffer. The indicator has two buffers:% K-Line (buffer = 0), and% D-Line (buffer = 1).
The shift corresponds to the bar, but the bar working timeframe.
For example: active graph is on M1, while the indicator is at M15. Then shift of 0 returns the current value (% K or% D) working timeframe (M15), shift 1 returns the previous value of M15 (the value on the last bar in the closed M15), 2 corresponds to the shift
value at the second closed bar on M15 etc.
The indicator works well for visual schedules strategy tester. Thus, it is possible visualization of indicator values and expert verification strategies during backtesting.
Timeframe may be selected only from the said timeframes. But it is multiplied by a coefficient, which allows operation on any timeframe.
If the schedule is the timeframe M1, and the indicator should work on M10, the required parameters will be “timeframe = M1, factor = 10″ or “timeframe = M5, factor = 2”.
This can be especially useful for higher timeframes, such as H12, D2 or D3.
EXAMPLE use with iCustom
Suppose that timeframe chart – M5, and the indicator must calculate based KPeriod parameter = 5, DPeriod = 3, Slowing = 3 H2. And the expert is necessary to value% K the last closed bar timeframe H2. In this case, the function call may be as follows: kv = iCustom (NULL, 0, “di_MTF-Stochastic”, PERIOD_H1, 2, 5, 3, 3, 0, 1)
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