OmniTrader Professional Forum
Feature Requests
Plotting indicators across multiple timeframes
13 replies, 1103 viewings
|
OmniTrader Professional Forum
Feature Requests
Plotting indicators across multiple timeframes
|
Last Activity 10/13/2019 6:44 PM 13 replies, 1103 viewings |
|
|
|
| Printer friendly version |
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: 3223 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: 614 Joined: 3/7/2006 Location: Ocean Springs, MS User Profile |
ANick | ||
| Wes Member Posts: 49 Joined: 3/14/2006 Location: London ON User Profile |
| ||
| ANick Elite Posts: 614 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 |
| ||
| THOMAS HELGET Legend Posts: 537 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 |
| ||
| sooper1 Veteran Posts: 121 Joined: 3/14/2006 Location: Evergreen, CO 80439 User Profile |
:-) ~s sooper1 | ||
| ap·pren·ticeGuru Regular Posts: 95 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: 110 Joined: 6/4/2007 Location: New York, NY User Profile |
I'm interested! | ||
| THOMAS HELGET Legend Posts: 537 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: 3223 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] |
|
|
|
|
Administrator
Forum Moderator |
Registered User
Unregistered User |
 E-Mail this thread to a friend |
Toggle e-mail notification |
