MTF v.1 and v.2 and scanner

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Whats the difference between the first version and second of the MTF? The first version gives signals quicker than the second. If you put both indicators on the chart together, you can see. Even AAPL recently. I am scanning and using the first version. Maybe thats the issue? Is there a scanner to look for red/green dots based off the first version?

Also, the MACD Stochastics scanner, I tried to flip the code to search for short trades but had no luck. Can you help with some tips to do so? Thanks for all your help and great resources.

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Posted by (Questions: 4, Answers: 1)
Asked on February 18, 2017 1:24 pm
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The differences between the two version is described in detail in the video for version 2, along with examples. So I won’t go into that here other than to post a link to that video: https://www.hahn-tech.com/thinkorswim-strategy-guide-mtf/

I will strongly recommend you not proceed until you have viewed the video for version 2 and fully understand the differences. The signals for version one can repaint and are useless for backtesting entry signals.

To run a scan that will match the original version you can use this for each of the three time frames:

input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;
def Diff = MACD(fastLength, slowLength, MACDLength, averageType).Diff;
plot scan = Diff > Diff[1];
# OR
#plot scan = Diff < Diff[1];

Regarding the question you have about the MACD Stochastic scan, please post that as a new question to ensure other viewers don’t get confused when searching for solutions.

Please don’t forget to up-vote any answers that best solve your question.

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Posted by (Questions: 37, Answers: 4118)
Answered on February 18, 2017 2:04 pm
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Thanks for the link, I have not seen the video for the second. I will review it.

( at February 18, 2017 6:07 pm)
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