Addressing Weekly and Daily data in same indicator
03/15/2022 at 6:02 PM #19003303/15/2022 at 6:48 PM #19003603/16/2022 at 6:44 AM #19004603/16/2022 at 9:52 AM #190050
It worksfrom the beginning of v11for indicators, as well.
Search this forum for the word MTF and you will be returned many links to examples amd articles.03/16/2022 at 10:55 AM #19005103/16/2022 at 1:21 PM #190052
I have defined the following indicator on the daily chart:
Return CW as “CW”, CD as “CD”
I have attached 2 pictures, showing that the weekly close as appears on the indicator does not match the actual weekly close as appears on the weekly chart.
- What did I do wrong?
- Is there anywhere documentation of MTF with the various parameters? It is not in the manual…
You must be logged in to access attached files.03/16/2022 at 1:32 PM #190055
UpdateOnClose means that data is updated when a candle closes, so it’s the close of the previous week, while the daily chart is the default timeframe (in this case updateonclose is automatically overridden by DEFAULT).
You can read what I suggested in my previous post.03/16/2022 at 3:39 PM #190062
Roberto, I am sory to play the “dumb” here, but I really do not understand.
03/16/2022 at 4:12 PM #19006303/16/2022 at 4:37 PM #190071
- The indicator on the daily chart shows a valur of 56.52 for the close of the relevant week for date 01-Feb-2022. Looking at the weekly chart, this week (which started on 31 Jan-2022) closed at 64.90.
I also checked the close value for the previous week and even the next week – none of them is 56.52. So where does this value come from?
- Is there good official documentation for this feature apart from the various posts on the forum? For example, what are the possible values for the second parameter apart from “updateonclose”?
Week 4 starts on Monday 24 January 2022 and ends on Friday 28 January 2022
Close on Friday 28 January 2022: 66.00
Week 5 starts on Monday 31 January 2022
Friday, January 28, 2022: Close 66.00
Monday, January 31, 2022: Open 65.9103/16/2022 at 4:50 PM #190073
Oh, sorry for that…
Took pictures with the right dates, problem still persists:
The daily chart shows weekly close of 67.98 on Friday 04-Mar-2022, and weekly close of 68.10 on Thursday 03-Mar-2022;
The weekly chart shows close of 68.83 for week starting 28-Feb-2022, and close 68.95 for week starting 21-Feb-2022.
So no match…
Roberto – let me express my appreciation for your effort and willingness to help!
You must be logged in to access attached files.03/16/2022 at 5:09 PM #19007803/16/2022 at 5:27 PM #19008003/16/2022 at 6:00 PM #190081
Well, JS gave me the clue… After toggling the “historical data adjustment” button, finally the two charts are now in synch.
I am still puzzled about the previous 2 daily screenshots I sent. I tried to reconstruct them in order to make sure the issue is solved, but no matter how much I toggled the ajustment on and off again, I could not get the same values shown in those charts… I am cluless.
Anyway, thanks a lot for your responsiveness, and especially to JS who solved the issue…
1 user thanked author for this post.