OmniTrader Professional Forum
Feature Requests
Plotting indicators across multiple timeframes
10 replies, 990 viewings
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OmniTrader Professional Forum
Feature Requests
Plotting indicators across multiple timeframes
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Last Activity 8/4/2019 11:54 AM 10 replies, 990 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: 3214 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 |
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| 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 |
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| THOMAS HELGET Legend Posts: 534 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 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. :-). |
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