Mixed Periodicity Data (MPD)

The Mixed Periodicity Data Indicator (MPD) gives the user access to different periodicities of data than the periodicity of the underlying instrument or scan. The MPD preferences ask for both a periodicity and the data (price) from that periodicity that will be displayed. MPD essentially loads data of another periodicity, the right-aligns it to the data of the underlying instrument or scan. The MPD data will not generally reflect the date/times show in the horizontal scale along the bottom of the chart. MPD should be consider on it's own scale. You can point at any MPD element to get the date/time of that element in the pane title feedback. There are quite a few ways that this indicator may be used. The best way to describe MPD may be to give you a few examples of how it might be used.

Presentation

mpdChart

Above is a 5-minute Candlestick Chart of an Microsoft Corporation (MSFT). The Mixed Periodicity Data (MPD) indicator is drawn three times in the chart. Two MPD's in the upper pane access the previous daily high and low values, and stretch them across all the 5-minute bars of the following day. The lower pane contains an MPD which represents the number of ticks in each 5-minute bar, using MPD preferences similar to those seen in the preference window below.

mpdCustResult

Keyboard Adjustment

Keyboard Adjustment The lookback period (load last X bars) of the MPD indicator can be adjusted directly from the keyboard without having to use the preferences window. Simply select the indicator and then hit the up arrow on your keyboard to increase the period by 1, or hit the down arrow on your keyboard to decrease the period by 1.

mpdCustResult

  • Mix Periodicity -Timeframe of the data that is loaded (tick, 1-min, 13-min, daily, etc)
  • Mix Ticker - Allows the user to access another ticker (in addition to another periodicity). If this checkbox is checked, a text box is enabled where the user must type in the ticker symbol desired (case sensitive). MPD will then access the data for the periodicity and the selected instrument. The data is right aligned to fit the actual data in the chart.
  • Data Source: Instrument Data - Actual data element that is going to be loaded for the timeframe above. The data options are Last, Open, Close, High, Low, Hi + Lo /2, Hi + Lo + Cl / 3, OHLC/4, % Change, Bid, Ask, Volume, Open Interest, Hi-Lo Range, Op-Cl Range, Op+CL/2, and H+L+C+C/2.
  • Data Source: Indicator - The indicator option gives the user access to any of the built-in indicators, including custom indicators. The "Indicator Preferences" button allows the user to specify the preferences for the indicator selected.
  • Indicator Preferences - This button allows the user to specify the preferences for the selected indicator, when "Indicator" is chosen as the data source.
  • Data Source: Bars Back - This indicator allows the user to access data any number of bars in the past. The preference is implemented via a checkbox labeled "Bars Back" and an edit box where the number of bars back is specified
  • Align Data To Proper Date/Times (Recommended) - When this checkbox is checked, the data is expanded to match the actual date/times of the underlying instrument in the chart. One use of this option would be to draw tiered vertical reference lines at the high or low of the day, within an intraday chart. To do so, open an intraday chart and add MPD with the preferences "Daily", "High", and check "Align Data" box. Similarly, the 30-minute high horizontal lines could be overlaid on a 1-minute chart.
  • Refresh Every Tick – When this box is checked, it will force the window pane to redraw each tick, therefore bringing in the new tick and moving the old ticks left. This is only available when the "Align Data" option is unchecked.
  • Filter Out Zero Values - This option simply filters out any results of 0, and then right aligns the remaining results. This is only available when the "Align Data" option is unchecked.
  • Custom Statistical Result - These custom results give the user the ability to see what's "inside" of a bar, by giving access to data of a smaller periodicity or timeframe.
  • Compute/Display Last X Values -This setting dictates how many bars or ticks of MPD values will be computed and displayed. A value of 50 means that the MPD values will only be computed and displayed on the most recent (rightmost in a chart) 50 bars.
  • Draw Type -The data may be drawn as a Histogram (solid or hollow) or a Line (continuous or connected). Histograms are recommended for volume data.
  • Color and Style -The data can be drawn in any color. If the data is drawn as a histogram, two colors will be presented (one for Up and one for Down). If the data is a line, the color, style, and width may be chosen.
TimeHighLowSet
This chart is documented in the Profiles On Indicators article. The TimeHighLowSet chart extracts the time into the session that the high and low was set/completed. The profile indicator then...

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TimeSetRange
This chart is documented in the Profiles On Indicators article. The TimeSetRange chart extracts the time into the session that the range was completed. The profile indicator then accumulates this...

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