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The concept is generally referred to as "multi-time frame" (MTF) indicators.
Such indicatos are not standard in mt4 but have be loaded in the same way we loaded the 2 line macd plus histogram and that arrow indicator you got from elsewhere.

MFT indicators for most things like RSI and Moving averages and stochs can be found relatively easily on tsd-forex. However, a 2 line plus histogram (my 2 lines are in black on the above chart) macd, I tell you this took me ages to get hold of. It isn't anywhere on tsd or forexfactory or google or whatever. On and off over the course of a week I spent ages looking for this.
I managed to get hold of it in the end by finding someone who seemed to have every indicator under the sun and sending him a pm.

You can get it here.
http://www.forex-tsd.com/indicators-metatrader-4/87-indicators-alert-signal-113.html
Post 1123

It still has the alert for crossover etc. You will need to set the timeframe in inputs in minutes. 5 for M5, 15 for M15, 240 for H4 etc.

It does not work if you load the MTF indicator for a low timeframe on a higher timeframe chart only the one way round . It will display results but they will be WRONG. i.e M1 MTF on a M15 chart will be wrong.

I guess the most interesting thing is that most people seem to be putting up with the horrible standard macd chart from mt4. This I cannot grasp at all as the way we like displays more information and is easier to read and understand.

EUR JPY testing 160 support

Think we might just be there now or on the way at least

That's so funky, CC, many thanks.

I've just Googled the MTF thingy and it appears that any MT4 indicator can be simply turned into a MTF. Apparently there's something called Coder Guru's MT4 Programming Guide (don't know if it's a book or something on the web) which tells you how to do it.

I might have to have a word with GatorMan if he ever gets out of the swamp.

Quicky scalp EUR JPY 159.80 to 159.90 +10.

well if you know 'C' programming these indicators is probably pretty easy. I don't.

I did read the first few chapters and it's not that hard to follow if your objective is to amend someone else's code. Say you've found something you like but it's been hard coded for cable but you want to use it for say eurusd. that's easy enough to sort. i've done that and i have no programming experience.

What else do you want MFT's for Hilary? I've got loads of them and any normal indicator just go and search tsd-forex. It's highly unlikely you need to get anyone to write anything.

Now if he's capable of say writing code good enough such that it could show say a macd based on say n periods and then adding an extra period which is assumed to be say the same as the existing period (or even better where the line might go based on say the last 3 periods or whatever) then we could have a macd on our chart which had some predicting power rather than just an indicator based on history.
Or simply take the usual macd and apply higher percentage weightings to the last few periods than happens with the exponential algorithm. The maths isn't so difficult and i've got a feeling maybe you can do this without any programming.

I've got lots of ideas, lots of things i'd like to backtest but all that is on hold until i can make a living out of this. All these ideas take far too long to persue when firstly i have to turn a profit.

+5 from cable

Gotta go to see the Quack now

In truth, CC, I probably don't need MTF on anything else. It was just an idea that I had this morning to combine a couple of indicators into one and simplify my desktop. I'm all for keeping things simple as there's a tendency to think if things become too complex.

I've got a problem with a bug in one indicator though which I'm hoping GatorMan can solve. If not I might find a copy of Coder Guru's MT4 Programming Guide for my son so he can give it a go. It may as well be Dutch to me.

I is back ;)
Still re-loading all the guff at the moment.

Like you, Hil, my motto is simply simple - and one of my present goals is to persuade the cap'n to stop fiddling about when he gets bored :o)

Great charts, btw - good of you to go to so much effort.

I am the GatorMan. (Like The Stig, only greener).

Oh - is this a variation on the jolly green giant?

PS Still want the Stig for PM :P

And thanks everyone for your comments here and by mail.
I'll get back to you all with a bit of a plan soon.

Oooh Delboy. I do hope you've got a tight green lycra suit befitting of your new found status.

:o)

from one of Kyoto's posts

Ashraf Laidi, a currency expert at CMC Markets, said futures contracts were starting to price in a serious likelihood of a half point cut before the next scheduled meeting at the end of January.

"With US equity indices testing their August lows and current macro-economic dynamics knocking at the door of recession, we place the probability of a 50 basis point inter-meeting rate cut as high as 70pc to occur as early as next week

A leaked client note by HSBC added fresh fuel to the rate excitement, suggesting that Fed may now have to slash a full percentage point by month's end to fend off a serious downturn.

The bank's highly-rated New York economist, Ian Morris, said a new tone of urgency had been struck by top US officials over recent days, raising the possibility of two sets of cuts this month.

Fed chair Ben Bernanke prepared the way for drastic cuts with a speech on Thursday saying the authorities were "exceptionally alert" to the risks as the housing slump triggers the first wave of jobs losses. US unemployment jumped from 4.7pc to 5pc in December, the sharpest jump in a quarter century.

My daily cable (currently 1.9620) charts are suggesting that it's trying to stick it's head above the water and that we could see a rally in it back up towards $2 over the coming days/weeks.

That might be of interest to Sue 42. I guess a lot will depend upon what happens to it today, as it would be quite easy for it go either way at this stage. 24 hours down the line it should be a bit clearer which way it's going imo.

Hilary
Thanks for the info, nice run up this morning managed to catch a few.

odd moves half an hour ago on ecb comments that only options to hold or raise interest rates were discussed at last meeting.

NEW YORK (Dow Jones)--The dollar is weaker versus the euro following the release of housing data early Thursday, and is strengthening against the yen, as currency investors prepare for testimony by Federal Reserve Chairman Ben Bernanke before Congress later this morning.

On the day, the dollar is weaker against the euro, which slid markedly Wednesday. One factor is that European Central Bank governing council member Yves Mersch backtracked early Thursday from dovish comments published a day earlier. Another is a disappointing, although expected, financial earnings report from Merrill Lynch & Co. (MER).

Against the yen, the dollar is also down, but is showing significant leaps Thursday morning as risk appetite begins to return after a stark unwind in anticipation of Bernanke's testimony before the House Budget Committee at 10 a.m. EST (1500 GMT). He is expected to offer his support for an economic-stimulus package from Congress.

Early Thursday in New York, the euro was at $1.4679 from $1.4657 late Wednesday. The dollar was at Y107.40 from Y107.54. The euro was at Y157.66 from Y157.60, according to EBS. The U.K. pound was at $1.9722 from $1.9628, and the dollar was quoted at CHF1.1020 from CHF1.0993 late Wednesday.

Home construction plunged 14.2% in December, tumbling to its lowest point in 16 years, after falling 7.9% in November, the Commerce Department said Thursday. The big decline surprised Wall Street. The median forecast of economists surveyed by Dow Jones Newswires was a 5.0% drop.

But the effect on the dollar was mollified by the release of weekly jobless claims at the same time, which fell for the third straight week.

The fundamental near-term outlook for the dollar still looks bleak, say analysts, especially as U.S. interest rates are still expected to be cut relatively aggressively at the end of January - no matter Wednesday's jump. That was about euro weakness, which is still a factor Thursday. ECB's Mersch, a usually hawkish official, acknowledged that euro-zone growth might have to be downgraded from 2.0% this year Wednesday. Markets saw this as evidence that the ECB may not be in rate hiking mode after all.

"His remarks fed what is arguably a growing perception that the ECB has remained hawkish in part to discourage overly zealous wage demands from labor unions, but that rates are unlikely to move higher," said Camilla Sutton, currency strategist at Scotia Capital in Toronto.

But early Thursday, Mersch clarified that the central bank did not discuss cutting interest rates at its Jan. 10 policy meeting, causing a slight reverse to the consequent dollar boost.

"The key question we must grapple with is how much is already priced into the currency market, and whether shifts in the interest rate outlook elsewhere might be more important," Sutton said.

Merrill Lynch matched Citigroup Inc.'s (C) massive fourth-quarter net loss Thursday, as the company recorded $14.6 billion in losses related to subprime mortgages and complex debt instruments, and write-down expectations as high as $15 billion.

The dollar's recent decline against the yen has incited chatter that Japan might intervene in its foreign exchange market if the buck drops lower to Y100.

A former top Japanese currency official said Thursday that even if the U.S. dollar falls to around Y102, government intervention is highly unlikely.

"Japan would need agreement from the U.S. for any intervention, but the U.S. wouldn't comply," said Eisuke Sakakibara, Japan's former vice finance minister for international affairs. "Japan can't intervene either verbally or physically. A U.S. Treasury document last year clearly states the U.S. is against even verbal intervention."

WASHINGTON (Dow Jones)--Federal Reserve Chairman Ben Bernanke on Thursday endorsed a "quickly" implemented fiscal stimulus package, saying it would complement the Fed's efforts to provide monetary-policy insurance against an economic downturn.

In prepared testimony to the House Budget Committee, Bernanke also repeated the pledge he made last week to enact "substantive" rate cuts if needed to counter the threat to the economy posed by fragile financial markets and weakening employment.

Those remarks were widely interpreted to mean that the Fed would reduce its short-term interest-rate target, probably by half a percentage point from its current 4.25%, at the central bank's next meeting, Jan. 29-30. It has already lowered the fed funds rate 100 basis points since September.

Recent data, including a steep rise in unemployment and decline in retail sales, have supported that view, though in the Fed's latest Beige Book assessment of economic conditions released Wednesday the central bank signaled the economy is slowing but not contracting. The latest jobless claims data also suggest last month's jobs report may have overstated the weakness in the economy.

Bernanke, whose remarks on the economy and monetary policy largely mirrored last week's speech, also repeated that the Fed is "prepared to act in a decisive and timely manner and, in particular, to counter any adverse dynamics that might threaten economic or financial stability." He also reiterated that downside growth risks have become more pronounced.

Housing, he said, will probably subtract more than one percentage point from gross domestic product growth in the fourth quarter and "may continue to be a drag on growth for a good part of this year as well."

But he stressed that the Fed is still keeping a close eye on inflation and inflation expectations. Core inflation, which excludes food and energy prices "has stepped up recently," Bernanke said, due to the pass-through effects of energy costs, the weakening dollar and higher prices for financial and medical services. But overall and core inflation should moderate this year and next, he said.

The government on Wednesday reported that consumer prices rose at a 17-year high on a December-over-December basis last year, and annual core inflation crept higher at the end of the year to 2.4%, putting it above the Fed's 1.5% to 2% comfort zone.

Any rise in inflation expectations or threat to the Fed's inflation-fighting reputation could "reduce the central bank's policy flexibility to counter shortfalls in growth in the future," Bernanke said, reiterating last week's remarks.

Thursday's remarks included an extensive discussion of fiscal stimulus, a topic Bernanke has avoided publicly until now. "I agree that fiscal action could be helpful in principle, as fiscal and monetary stimulus together may provide broader support for the economy than monetary policy actions alone," he told lawmakers.

Congressional leaders from both parties have met in recent days to craft an economic stimulus package, though specific plans vary. The expected tab is expected to be in the $100 billion range.

Fiscal stimulus is OK, Bernanke said, as long as it is "implemented quickly and structured so that its effects on aggregate spending are felt as much as possible within the next 12 months or so."

He stressed that any stimulus be "explicitly temporary" given that the U.S. faces "daunting long-run budget challenges associated with an aging population, rising health-care costs, and other factors."

Bernanke has in the past repeatedly warned lawmakers of the budgetary effect of rising entitlement spending as the roughly 78-million-strong Baby Boom generation retires and collects Social Security and Medicare benefits.

Not too pleased with the retail

Hmmmmmmmm Thanks hils - I'm working away so can't really do anything! need to decide whether to close for a small profit, wait & make large loss, or wait & make large profit! Good thing I didn't decide last night.