Multiple Time Frame Based Strategy of the MACD
Backtesting a Multiple Time Frame indicator using Thinkorswim Strategies. The MTF MACD has been revised to
Thinkorswim Strategy Guide MTF
make it suitable for backtesting. This video includes links to download the revised MTF MACD indicator as well as it’s Strategy counterpart. In this video you will learn two methods of multiple time frame analysis. You will understand why one method is nearly impossible to backtest, while the other method is perfectly suited for backtesting.
After a brief slide show explaining the differences, you will see how to use the MTF MACD Strategy to extract theoretical trades from Thinkorswim into a spreadsheet for analysis. Thinkorswim Strategy Guide MTF is a more advanced version of previous videos published on this topic. In order to get the most out of this video you are encouraged to also view the following videos in this series:
The original Thinkorswim Strategy Guide goes into a bit more detail on how to work with strategies and extract data.
The other video to watch is Thinkorswim Strategy Analysis
The Thinkorswim Strategy Analysis video goes into great detail showing how to extract the trade data into Excel. Step by step instructions are shown for organizing the trade data into Excel, calculating the P/L and even displaying the results in a graph.
Link to strategy file: Strat_MTF_MACD_LE_v2STRATEGY.ts
For Advanced Users Only:
Take this knowledge to the next level and learn how to automate your trades on Thinkorswim
Thinkorswim Automated Round-Trip Trades
DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS.
*Thinkorswim is a chart analysis platform offered by TD Ameritrade: www.tdameritrade.com
TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.
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Hey Pete, awesome tutorials, thanks so so much for sharing. I’m wondering, is it possible to add sell signals for possible trades on the sell side?
Sure it’s possible. Far too complicated to address in the comments section of a video. I suggest you check the Q&A Forum because I am pretty sure someone has already posted a request for that in the forum.
Pete, do you have mtf macd strategy for trade station? Thanks so much
Sorry but I do not. TradeStation has a very inflexible solution for MTF studies. Possible, but far less user friendly then Thinkorswim.
I watched the video several times but I couldn’t download or convert the file for some reason.
From the Help menu at the top of the website. Select “Frequently Asked Questions” then enter the term “download” in the search box. From that list of the results you will find the following solution: https://www.hahn-tech.com/ans/how-to-download-and-import-study-ts-files-into-thinkorswim/
Hi Pete,
I hope you don’t mind I made some change your MTF MACD, I increase from three MTF to four MTF I mainly trade on the 4Hrs therefore the MTF I look for are (Daily, Two_Days, Four_Days). Just in case anyone here are interested here are Pete update script. Thank You
Hi,
I am not getting the annotation on the chart that shows an entry or exit, which means I am unable to download the trade summary.
Thanks for any help.
Walker
Without seeing your chart and the settings used it is impossible to assist you. If you are still having this issue I suggest you post a request in our Q&A forum so you can provide a screenshot of your entire chart. Thanks!
I do not see the link to download the TOS code for this MTF strategy. Is it located somewhere else on the web page.
Thanks, JK
Just as most of our other videos, the link is presented within the video. It is presented after the instructional portion of video, inside a white rectangle. Just click on it when it appears.
Hi Pete, I am able to get Chart_MTF_MACD_v2 in my chart. But the Strat_MTF_MACD_LE_v2 though located in my folder and downloads the Think or Swim is not locating it to do the import. It there anyway you can assist me with this? I enjoy watching your videos and learned a lot. and been sharing it Thank you!
Seems this question is related to an entirely different video then they one you posted this comment too. The chart strategies are listed under a different tab. The import process has to be completed from the tab in which the chart strategies are listed.