Hello, is it possible to organize mechanical trade system in Metastock which will make intraday trade orders on short time frame but initialy considering situation on bigger time frame? thanx

It is possible depending on the conditions, yes.

Thanx for answer, but may I ask You to elaborate.

the question is how to link, for example, 1 -minute chart with 5-minute chart of the same stock. So it could turn to some kind of "multiple time frame analysis". Security function seems does not allow me to make a link from smaller time frame to bigger one :-(

You are correct.  The Security Function only calls the data based on the periodicity of the chart.  The problem is tackled by essentially "compressing" the 1-minute data.

new:=mod(minute(),5)=0;

valuewhen(1,new,c)

 

Note that depending on what you're compressing to will cause the formula to change, i.e. Intraday to Daily is a different formula.

Thanx a lot, I appreciate Your answers very much.

Ok, I have put these 2 lines of code in Indicator Builder to receive a new indicator. I have apllied it to 1-minute chart and a new line had been written (if I trasfere this 1-minute chart to 5-minute chart new line coinside with my stock price line). But, to say the truth, I dont know what the next step is. How can I make 1 minute chart to refer to 5 -minute one.

May be there is some other opportunity in Metastock to link different time frames? I think many traders evaluate these conditions before making orders. How they do it? 

Justin:

You are correct.  The Security Function only calls the data based on the periodicity of the chart.  The problem is tackled by essentially "compressing" the 1-minute data.

new:=mod(minute(),5)=0;

valuewhen(1,new,c)

 

Note that depending on what you're compressing to will cause the formula to change, i.e. Intraday to Daily is a different formula.

But what should I do if I want to, say, create a stoch(14,5) from this formula on a 1-min chart ?

Hi Data

 

My Multi-Frame "I" and "X" series of indicators might be what you’re looking for. The I and X series of formulas function on tick data upwards and return values for frame sizes (periodicities) of 1 minute through to 24 hours. The Multi-Frame EOD range of formulas is available free on my website and there are about 40 formulas in each range. The "I" range caters for 1 to 240 minute frames and the "X" range for 1 hour to 24 hour frames, so you can plot various periodicity indicators on any intraday chart. Obviously these indicators won’t plot a frame size smaller than the underlying chart periodicity, but they will plot most larger frame sizes.

 

Roy

www.metastocktips.co.nz

Thanks a lot, it looks exactly like what I am looking for !

mstt:

The "I" range caters for 1 to 240 minute

metastocktips.co.nz:

These indicator families create 5-240 minute timeframes

Just to be clear, the minimum range is 1 or 5 minutes  ?

Data

 

A client recently requested 1 minute frames for tick data on one indicator, so I took the opportunity to upgrade all formulas in the “I” series. My website and other documentation have yet to be changed but the range is now 1-240 minutes.

 

Roy

Thanks Roy !  :)

Looks like the website is down.
I hope it'll be back up soon !

Hi Data

The first links I provided by email were defective. However, the second email several hours later had corrected links that do work. Sorry about that.

Roy

Hi Data

Right click on each link and Save Target As...

Roy

The links are working fine now, thanks !
However, this morning the whole http://www.metastocktips.co.nz/ website was not accessible but it's back online now

hehe, I'm going to try them right now !