This post is a video post on the newly released multi timeframe signal builder study. This study will allow you to use conditions on several charts and create a aggregated view for use with a signal study. This study is very flexible in use and will no doubt help you in creating your automated trading set up. This study is part of the SST Autotrading Study Bundle. You can read more about the bundle here.
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The zip file with the chartbooks can be downloaded through this link.
Hi Frederik,
Would there be a re-painting issue when using a long term signal on a short term chart?
Example:
If we have a long signal on the 5 minute bar and this is added to the 1 minute chart, what happens if by the end of the 5 minute, the signal changes to a short. Will the previous longs on the 1 minute re-paint to a short?
Thank you
A 5 minute signal status is visible on the 1 minute for as long as the signal is active. There is no repainting. You do need to understand that if you load a chart there is no intrabar evaluation available (there is only the state of the bar at close) so the signal of a 5 min bar is seen on all corresponding bars of a 1 minute chart. While in a live/replay of that 5 minute bar the signal can vary. All depends on your signal. The study doesn’t care it simply reflects an accurate state of the signal. What you do with a signal is up to you.
Understood.
Thank you for your reply.