MTF MACD Repainting Signals


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I put your Chart_MTF_MACD into a chart in tos and I noticed that it changes the results after the fact.  How is possible.  To be more clear, I recorded the screen of a 15min chart (with higher timeframes 120min and daily) and the 2am bar at 2:15am is green, the 2:15 bar ends its timeperiod as green at 2:30, the 2:30 bar starts green then changes to grey along with changing the 2am and 2:15am bars to grey.  Before the 2:30am bar gets to 2:45 it then goes back green simultaneously changing back the 2am and 2:15am bars to green.  How is that possible?  How does it repaint a bar that was back in time?

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Posted by (Questions: 1, Answers: 0)
Asked on November 20, 2018 6:49 pm
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What you have experienced is the very nature of Multiple Time Frame analysis. At the higher time frames, you are dealing with candles that are still open and active. So signals at the lower time frame are subject to change.

However it is possible to build one that uses the previous candles on the higher time frames. Candles which are closed and not subject to change. This means you are using data that is somewhat stale. But it ensures that signals can never repaint.

Check version 2 of our MTF MACD study for details: https://www.hahn-tech.com/thinkorswim-strategy-guide-mtf/

 

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Posted by (Questions: 37, Answers: 4079)
Answered on November 20, 2018 7:07 pm