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-- Big Mike, Site Administrator
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Hi to all Big Mike members.
i was wondering if it was possible to code an indicator that shows witch Moving average is going over 2 or 3 anchor points in a multi-timeframe period.
Here is a copy of the discussion i had with Fat tails to explain my idea.
Fat …
Those Midas indicators are simply VWAPs. The only difference between the SessionVWAP and the MIDAS VWAP are the anchor points.
Session VWAP: Anchored to the start of the selected session.
MIDAS: Anchored to the selected swing high or low.
It would be easy to code a MIDAS indicator. Alll you need to do is to use a zig zag, and then use the swing points of the zig zags as anchor points for the VWAP. Not difficult, but not a multi-timeframe indicator.
Midas looks great but i don't think it is that easy to code. It is exacly the kind of indicator i want. It's perfect for swing trading and scalping.
What kind of indicators do you use ?
The Midas indicator was coded by Ninjatrader and made available online after an article about it appeared in Technical Analysis of Stocks and Commodities magazine.
Anyone interested in MTF anymore? Anyone planning to write anything for the Gomi MTF framework?
Thanks you Fat Tails, it would take me years to learn how to code indicators.
It works fine
I still need to define witch anchor points i need. Do you think it is possible to add this kind of option ?
The indicator currently allows you to set a starting time for an anchor point, but then will use the same starting time for every day. Of course, it is possible to add many other options, maybe I will do that in my second life....