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Multi_Time_Frame

Page history last edited by NimblrTA 1 year, 10 months ago

If you want to really graduate on which ever Indicator you are best comfortable with - try the Multi Time Frame method.

 

What does it mean?

In the same window on a Lower Time frame chart, it plots the value of High Time Frame

 

Read https://www.mql5.com/en/market/product/23856#description

 

A long-term chart is used to establish the dominant trend, while a short-term chart establishing pullbacks and entry points

 

Read https://www.investopedia.com/articles/active-trading/031914/how-traders-can-utilize-cci-commodity-channel-index-trade-stock-trends.asp

 

Usage

The second is a MultiTimeFrame Window which provides for the same period charting of two time frames, here 5min (Blue) and 30min(Red)

 

The same chart has CCI indicator for 5 mins as well as 30 mins

 

Here is a chart below where two CCI windows are used. The first or above CCI window in the chart is of 5min Time Frame with Period 8. The below CCI window is a Multi Time CCI window with CCI plotted of one Period 34 and two Time Frames of 5min and 30min.

 

In NimblrTA we primarily use:

  • First Window for CCI 8 5min
  • Second Window Multi TF CCI 34 30min (Red) and CCI 34 5min i.e. Dual Time Frames.

The First Window of CCI 8 5min is used for timing Entry and Exits.

If CCI 8 is lesser than -135 we Enter Buy Trades.

If CCI 8 is greater than +135 we Enter Sell Trades.

 

The Second Window with CCI 34 30min (Red) is used to ascertain Direction of Trade.

If CCI 34 30min (Red) is greater than +100, the trade must be a Buy Trade.

If CCI 34 30min (Red) is lesser than -100, the trade must be a Sell Trade.

 

Read https://deishman.wordpress.com/2017/08/26/what-is-multi-time-frame-cci/

 

MT4 Help: https://www.mql5.com/en/forum/177281

Amibroker Help: https://www.amibroker.com/guide/h_timeframe.html

Tradingview Indicator: https://in.tradingview.com/script/Qjxz5INU-MTF-CCI-8-34-5m-30min/

 

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