MTF on stochastic

This topic has 4 replies, 2 voices, and was last updated 4 months ago by Iván.

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05/17/2024 at 2:36 PM #232768

Bogren

Hi,

Need some help.

Let´s say i want to create a Multi timeframe strategy on two different timeframes with stochastic indicator or some other one like RSI, doesn´t matter which one.

Is the best way to create the indicator and include it in the strategy code or is it better/easier to use

the CALL instruction instead to “call” for the indicator?

If want a strategy like the one explained above on stochastic as an example on 1h and 15min so i better understand how things like this is coded in it´s simplest way.

And then use easy rules like this.

Long trades

1.Higher timeframe (1h) is bullish, stochastic (fast line is above slow) and not overbought (above80).

2. 15min timeframe, stochastic fast line crosses over slow line and is below oversold (below20) is when to buy.

Reverse for short ones.

If someone could code this I should be more then happy.

Thanks in advance!

Bogren

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05/20/2024 at 3:00 PM #232824

Iván

Hi!

Here you have an example of long trades.

overbougth=80
oversold=20
timeframe(1h,updateonclose)
stok1h=Stochastic[14,3](close)
stod1h=Stochasticd[14,3,5](close)
setupLong1h=stok1h>stod1h and stok1h<overbougth
setupShort1h=stok1h<stod1h and stok1h>oversold

timeframe(15mn)
stok15mn=Stochastic[14,3](close)
stod15mn=Stochasticd[14,3,5](close)
setupLong15mn=stok15mn crosses over stod15mn and stok15mn<oversold
setupShort15mn=stok15mn crosses under stod15mn and stok15mn>overbougth

if not onmarket and setupLong1h and setupLong15mn then
buy 1 contract at market
set stop %loss 5
set target %profit 5
endif

overbougth=80

oversold=20

timeframe(1h,updateonclose)

stok1h=Stochastic[14,3](close)

stod1h=Stochasticd[14,3,5](close)

setupLong1h=stok1h>stod1h and stok1h<overbougth

setupShort1h=stok1h<stod1h and stok1h>oversold

timeframe(15mn)

stok15mn=Stochastic[14,3](close)

stod15mn=Stochasticd[14,3,5](close)

setupLong15mn=stok15mn crosses over stod15mn and stok15mn<oversold

setupShort15mn=stok15mn crosses under stod15mn and stok15mn>overbougth

if not onmarket and setupLong1h and setupLong15mn then

buy 1 contract at market

set stop %loss 5

set target %profit 5

endif

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Bogren

Iván

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06/13/2024 at 10:17 AM #233834

Bogren

Thank you @Iván !

This make sens to me and works nice.

When i try the same approach but with an not predifined indicator like the DTOSC for example, coded by @doctrading in the indicator library. It will not read the overbought/oversold conditions correctly for me.

Here is a good example of what i was wondering before if it is easiest to code it as a separate indicator and then use the “call” command or to put the code for the indicator directly in the strategy code?

https://www.prorealcode.com/prorealtime-indicators/dtosc-dynamic-trader-oscillator/

Bogren

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07/05/2024 at 8:16 AM #234810

Bogren

Anyone?

I attached the code for the indicator.

type = 2

if type = 1 then
 a = 8
 b = 5
 c = 3
 d = 3
endif

if type = 2 then
 a = 13
 b = 8
 c = 5
 d = 5
endif

if type = 3 then
 a = 21
 b = 13
 c = 8
 d = 8
endif

if type = 4 then
 a = 34
 b = 21
 c = 13
 d = 13
endif

storsi = 100 * ((rsi[a] - lowest[b](rsi[a])) / ((highest[b](rsi[a])) - lowest[b](rsi[a])))

dtosck = average[c](storsi)
dtoscd = average[d](dtosck)

Seuilhaut = 75
Seuilbas = 25

RETURN dtosck AS "DTOSCK" , dtoscd AS "DTOSCD" , Seuilhaut , Seuilbas

type = 2

if type = 1 then

a = 8

b = 5

c = 3

d = 3

endif

if type = 2 then

a = 13

b = 8

c = 5

d = 5

endif

if type = 3 then

a = 21

b = 13

c = 8

d = 8

endif

if type = 4 then

a = 34

b = 21

c = 13

d = 13

endif

storsi = 100 * ((rsi[a] - lowest[b](rsi[a])) / ((highest[b](rsi[a])) - lowest[b](rsi[a])))

dtosck = average[c](storsi)

dtoscd = average[d](dtosck)

Seuilhaut = 75

Seuilbas = 25

RETURN dtosck AS "DTOSCK" , dtoscd AS "DTOSCD" , Seuilhaut , Seuilbas

Bogren

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07/05/2024 at 10:11 AM #234812

Iván

Here you have an example:

overbougth=75
oversold=25
type = 2

if type = 1 then
a = 8
b = 5
c = 3
d = 3
elsif type = 2 then
a = 13
b = 8
c = 5
d = 5
elsif type = 3 then
a = 21
b = 13
c = 8
d = 8
elsif type = 4 then
a = 34
b = 21
c = 13
d = 13
endif

timeframe(1h,updateonclose)
storsi1h = 100 * ((rsi[a] - lowest[b](rsi[a])) / ((highest[b](rsi[a])) - lowest[b](rsi[a])))
stok1h = average[c](storsi1h)
stod1h = average[d](stok1h)
setupLong1h=stok1h>stod1h and stok1h<overbougth
setupShort1h=stok1h<stod1h and stok1h>oversold

timeframe(15mn)
storsi15mn = 100 * ((rsi[a] - lowest[b](rsi[a])) / ((highest[b](rsi[a])) - lowest[b](rsi[a])))
stok15mn=average[c](storsi15mn)
stod15mn=average[d](stok15mn)
setupLong15mn=stok15mn crosses over stod15mn and stok15mn<oversold
setupShort15mn=stok15mn crosses under stod15mn and stok15mn>overbougth

if not onmarket and setupLong1h and setupLong15mn then
buy 1 contract at market
set stop %loss 5
set target %profit 5
endif

overbougth=75

oversold=25

type = 2

if type = 1 then

a = 8

b = 5

c = 3

d = 3

elsif type = 2 then

a = 13

b = 8

c = 5

d = 5

elsif type = 3 then

a = 21

b = 13

c = 8

d = 8

elsif type = 4 then

a = 34

b = 21

c = 13

d = 13

endif

timeframe(1h,updateonclose)

storsi1h = 100 * ((rsi[a] - lowest[b](rsi[a])) / ((highest[b](rsi[a])) - lowest[b](rsi[a])))

stok1h = average[c](storsi1h)

stod1h = average[d](stok1h)

setupLong1h=stok1h>stod1h and stok1h<overbougth

setupShort1h=stok1h<stod1h and stok1h>oversold

timeframe(15mn)

storsi15mn = 100 * ((rsi[a] - lowest[b](rsi[a])) / ((highest[b](rsi[a])) - lowest[b](rsi[a])))

stok15mn=average[c](storsi15mn)

stod15mn=average[d](stok15mn)

setupLong15mn=stok15mn crosses over stod15mn and stok15mn<oversold

setupShort15mn=stok15mn crosses under stod15mn and stok15mn>overbougth

if not onmarket and setupLong1h and setupLong15mn then

buy 1 contract at market

set stop %loss 5

set target %profit 5

endif

Iván

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