OmniTrader Professional Forum
Feature Requests
Plotting indicators across multiple timeframes
26 replies, 2796 viewings
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OmniTrader Professional Forum
Feature Requests
Plotting indicators across multiple timeframes
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Last Activity 7/19/2022 6:39 AM 26 replies, 2796 viewings |
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tradermike |
Conceptually, this is similar to plotting daily & hourly support/resistance & trendline values on say a 15min chart. For example, let’s say that you want to calculate the 15 period SMA based on the daily close, then see that plotted on a 5min chart. (If you think about it, this value would show up as a horizontal line during the shorter timeframes.) Right now in OmniLanguage we refer to variables such as O H L C. We can also do things like use the value from the close of yesterday by using “C[1]”. The restriction is, this always refers to the current timeframe. I would like to have the ability to specify the value from a particular date and/or time. I’m not sure what the best implementation is, but here’s a generic example or two: C[1, D] >> where “1” is the previous “bar” and “D” is the “bar” time or type (daily data in this case). C[1, H] >> where “1” is the previous “bar” and “H” is the “bar” time or type (hourly data in this case). It would also be of value to be able to specify a specific bar within a given timeframe. For example, the 9:00am bar on the hourly chart. My first motivation for making this request is related to a previous request: http://www.omnitrader.com/omnitrader/proforum/thread-view.asp?threadid=711&posts=1 It was requested that OT add some sort of Pivot Point charting capability. (Commonly used in the FOREX arena.) Then I thought that I could probably just code up this indicator myself. But now I learned that we currently cannot reference values from a different timeframe. So here I am. I suspect that after one thinks about this request for a while, you will realize that there probably are several useful applications for this feature (plotting indicators across timeframes) and I suspect other people will be interested too. Thanks for your consideration. --Mike [Edited by tradermike on 10/16/2006 5:22 PM] | ||
| Jim Dean Sage     Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA  User Profile |
https://www.omnitrader.com/currentclients/proforum/thread-view.asp?threadid=712 [Edited by Jim Dean on 8/4/2019 12:06 PM] | ||
| Bill Graves Veteran Posts: 184 Joined: 3/22/2006 Location: Phoenix, Arizona User Profile |
Mike has mentioned some of the uses already, but they are almost limitless. For example, one could plot a monthly 30 EMA on a daily chart, etc. If created with full functionality, one should be able to plot any indicator from one time frame on any other timeframe. This has been a built in function in TradeStation for many years. Please consider this valuable enhancement. Thank you, | ||
| ANick Elite  Posts: 620 Joined: 3/7/2006 Location: Ocean Springs, MS User Profile |
ANick | ||
| Wes Member Posts: 49 Joined: 3/14/2006 Location: London ON User Profile |
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| ANick Elite Posts: 620 Joined: 3/7/2006 Location: Ocean Springs, MS User Profile |
Thanks ANick | ||
| Manfred Veteran Posts: 210 Joined: 4/2/2006 Location: South Africa User Profile |
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| THOMAS HELGET Elite Posts: 610 Joined: 3/22/2006 Location: BALDWINSVILLE, NEW YORK User Profile |
I would also like to endorse inclusion of this useful tool. Tom Helget | ||
| Chris Ellis Member Posts: 9 Joined: 10/17/2006 Location: Tampa, FL User Profile |
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| sooper1 Veteran Posts: 121 Joined: 3/14/2006 Location: Evergreen, CO 80439 User Profile |
:-) ~s sooper1 | ||
| ap·pren·ticeGuru Veteran Posts: 123 Joined: 10/22/2010 Location: Columbia, MD User Profile |
**bump** ... old post, but always a GOLD as time matures, it's never too late. :-). | ||
| Hey Ed! Veteran Posts: 144 Joined: 6/4/2007 Location: New York, NY User Profile |
I'm interested! | ||
| THOMAS HELGET Elite Posts: 610 Joined: 3/22/2006 Location: BALDWINSVILLE, NEW YORK User Profile |
This was exactly my request for OmniTrader 2020. Let's hope that our dreams might come true. Tom Helget | ||
| Jim Dean Sage Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA User Profile |
I asked for OmniLanguage and OmniScript code to be able to *reference* an alternate timeframe in the formula. So, if you can reference it for calc's, the output plot can be based on it. The advantage to taking my approach is that you can mix *MULTIPLE* timeframe logic (ie more than just two) in whatever way you want. However, given that this request has been around since 2006 (I think I was the first to ask for it way back then) ... I doubt it will appear anytime soon. [Edited by Jim Dean on 10/13/2019 6:45 PM] | ||
| Barry Cohen Idol Posts: 2309 Joined: 1/1/1900 User Profile |
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| THOMAS HELGET Elite Posts: 610 Joined: 3/22/2006 Location: BALDWINSVILLE, NEW YORK User Profile |
"When you wish upon a star!" My dream come true! Thanks for the implementation, Tom Helget | ||
| Jim Dean Sage Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA User Profile |
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| THOMAS HELGET Elite Posts: 610 Joined: 3/22/2006 Location: BALDWINSVILLE, NEW YORK User Profile |
You deserve another big THANK YOU for this in OT 2020: FINALLY - Smart Compiling! by Barry Cohen, QA Department It’s About Saving Time. As head of the QA Department at Nirvana, the most frustrating thing I have wished could be changed is OmniTrader constantly compiling files. In fact, there are many cases where OmniTrader will compile EVERYTHING. (With an endless “Compiling.. Compiling.. Compiling..” showing at the bottom.) I have great news! Compiling now only occurs when it needs to on an individual file basis. If OmniTrader detects that a new file is installed or has been modified, it knows to compile only what’s needed. This improves speed in many areas including Startup! And, when you click “Compile” in OmniLanguage it ONLY compiles what has changed! For many users this single improvement can save HOURS! Here’s another example: Let’s say your friend gives you an OmniLanguage indicator, but it has a typo in it. This would typically cause all your OmniLanguage projects to no longer work. But no more! Smart Compiling ensures that failed OmniLanguage files don’t affect other projects! In fact, it will continue to use the last successful compiled version! I have so many stops, indicators, and systems coded that sometimes I could go and have lunch while OT complied - this is GREAT! And Ed deserves a big HURRAH for this: Move the Data Window! Data value window does not obscure prices or indicator values. So, when does OT 2020 "ship"? Tom Helget | ||
| Jim Dean Sage Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA User Profile |
OT2020 and MTVision | ||
| Greg Legend Posts: 337 Joined: 3/22/2006 Location: Mishawaka, IN 46544 User Profile |
[Edited by Greg on 10/25/2019 2:09 PM] | ||
| THOMAS HELGET Elite Posts: 610 Joined: 3/22/2006 Location: BALDWINSVILLE, NEW YORK User Profile |
Yes, I see that - my credit card still works! Tom Helget | ||
| ap·pren·ticeGuru Veteran Posts: 123 Joined: 10/22/2010 Location: Columbia, MD User Profile |
Anyone who has downloaded this weekend, does the MTF work with the NTB too ? If can post few charts would be nice. Thank You. Thanks N for introducing the new features, very appreciative. | ||
| Jim Dean Sage Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA User Profile |
Answer is yes. Works with NTB and Tick bars. Use. MTR() function call instead of MT() | ||
| THOMAS HELGET Elite Posts: 610 Joined: 3/22/2006 Location: BALDWINSVILLE, NEW YORK User Profile |
OK, you have me scratching my head here. Isn't Multiple Timeframe Analysis on Non-Time Based Charts a bit of an oxymoron? Something akin to finding the Standard Deviation of one data point? Tom Helget | ||
| Jim Dean Sage Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA User Profile |
Think of them as data series rather than time ticks. A given bar in a fixed time series is mappable into bars of series without fixed increments of time. |
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