Sanni123 wrote: Sun Jun 11, 2017 12:13 am
Hi Respected Mntiwala
I have attached pictures, running RSI MA histo with H4 setting on M1. Three pictures to illustrate, only minutes apart
I am not tying to mislead anyone, just trying to increase my understanding. My initial message was to pose question whether this indicator can check and capture the 'values' and lock it in histo. 'In the case of H4 RSI settings on M1 chart, every close of minute check if H4 RSI has crossed moving average, Capture value (yes or no), and lock in respective histo colour'. I wish the images didn't take so much space,sorry for cluttering thread.
Excuse me brother mntiwala
Dear Sanni123
Usually, I never comment on others, this is my policy except if there is meaning on something belong to my previous inquiring. However, it seems you misunderstand how MTF indicator are working, therefore, and as I am fan of MTF , I guess it is my duty to guide you about.
First, you must know that MTF indicator can not be trusted until its time finished, i.e. if you are using chart at M15 and indicator at H1, and the indicator indicate to up moving price, you can not take it as fact until the one hours (H1) finished which mean 4 candles of M15 because the price may on some occasion is changing its trend during that hours. Accordingly, you should not use M1 chart with M30 MTF indicator unless you wait until the 30 mins finished (30 candles). I suggest to you to used chart/MTF indicator as the following:
M1/M5 - M5/M15-M15/H1-H1/H4
Of course you may use MTF indicator D1 or even H4 with chart time, for example, M15, just to guide you to the actual trend and don't forget to know that the confirmation of the trend will only be fact after the D1 or H4 time finished
Some of mladen and mrtools MTF's indicator contain signal like arrow or vertical lines if so, usually you find option called arrow or line on first or newest bar which mean that, depending on, if this signal is an object or buffer, you must wait for the signal (arrow of line) to be displayed
Hope the idea is clear
Regards