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MTF MCP Change

PostPosted: Wed Aug 28, 2013 6:41 am
by Apprentice
MTF MCP Change.png


The indicator will show Change
as Absolute or Relative Change
Change / ATR Ratio
Change / Standard Deviation Ratio
Average Candle for Average Period


for all the selected time frames and all available currency pairs.
MTF MCP Change.lua
(9.33 KiB) Downloaded 904 times


MTF MCP Change Heat Map.png

MTF MCP Change Heat Map.lua
(8.45 KiB) Downloaded 830 times

XAUUSD H1 (03-18-2024 1205).png

MTF MCP MI Change Heat Map.lua
(13.94 KiB) Downloaded 21 times

Re: MTF MCP Change

PostPosted: Wed Aug 28, 2013 7:00 pm
by speakinmymind
Can you please create a moving average based off of this?

Re: MTF MCP Change

PostPosted: Thu Aug 29, 2013 1:33 am
by Apprentice
Can you give more details in your request.
Manner of presentation, Line or list.
As you know I use a number of different algorithms.
Moving average of which data set.

Re: MTF MCP Change

PostPosted: Thu Aug 29, 2013 7:22 am
by speakinmymind
The data used would be the distance from last close, that data stream displayed as a MVA line.

The idea is to capture the average candle size in MVA format

Re: MTF MCP Change

PostPosted: Fri Aug 30, 2013 3:55 am
by Apprentice
Your request is added to the development list.

Re: MTF MCP Change

PostPosted: Fri Aug 30, 2013 4:18 am
by Apprentice
Average candle algorithm added.

Re: MTF MCP Change

PostPosted: Fri Aug 30, 2013 9:23 am
by speakinmymind
Thank you for the data stream of average candle. Could you please create a moving average off this in order to retain past data and for trending purposes? Thanks.

Re: MTF MCP Change

PostPosted: Fri Oct 04, 2013 5:24 am
by Apprentice
Update

Re: MTF MCP Change

PostPosted: Tue Feb 04, 2014 9:22 am
by speakinmymind
Can you please update this so that the color of the data is a range (grean to red) red for the lowest value and green for the highest value.

Instead of color change being reflected as changes relevant to last data, could you please make it based off of the other currency pairs listed in the same timeframe?

The theory is to create a heat map, telling you which currency pairs are going through the most extreme change for each time frame, Thanks!

Re: MTF MCP Change

PostPosted: Tue Feb 04, 2014 1:00 pm
by speakinmymind
This is another heat map that I am hoping for.

Can you create this?

This is using negative numbers to shade red and positive to shade green, zero would shade grey.