- ago
Is there a possibility to lock indicators to certain timeframe with building blocks? For example I would like to have 5min RSI to cross 15 min RSI as condition to execute order. Selecting different length for RSI does not do the same trick (RSI 5 to cross RSI 80 ect). If there is not yet such a building block, then it would be possible featureRequest to have a block that is able to lock indicators to different timeframes.

Second question is about trend line break building block. Why is the lookback period locked into days, instead of bars? If the lookback period would be bars instead of days, it could be used in intraday trading, and it would in many other ways too be more suitable for different situations. This would be a possible second FeatureRequest.
-> I am having difficulties to pinpoint breakout bars as part of my strategy and this fix would help a little. Trying to find breakout bar with say, ATR, Bollinger Bands ect. is not very reliable method. I have also tried PriceGrid editor to teach to locate breakouts, but haven't yet found anything that works to most of the situations (I would propably need to teach many different scenarios to make it work better.)
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Glitch8
 ( 11.87% )
- ago
#1
For the first question, you could use the ScaleInd indicator to generate an indicator of any desired scale.
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- ago
#2
Thank you. That works! First question solved.
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Cone8
 ( 6.30% )
- ago
#3
Tag team here..
For the second question, due to the way the Advanced Trendlines are calculated, it's just a way to limit the lookback. You can use it for intraday too, no problem. Just use a smaller number of days.
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- ago
#4
Problem is, I need to find break out bars from very short time period. If I am trading 5/15min timeframe, then 1 day lookback is too long. In 5 min TF lookback could be as short as 1 hour.

Hmm.. I need to try if I can set the lookback to <1. If 0.1 is possible then it might solve the problem. But I think lookback would be more versatile/advanced if it had two settings: Lookback period in bars and length of bar. For example, lookback of 10 15min bars
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Cone8
 ( 6.30% )
- ago
#5
The lookback only limits the search to speed up the processing, which is intensive.
The routine will always give you the active Trendline closest to the current price - because there may be many active Trendlines that match the conditions.
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