Posted 11/11/2016 6:26 PM (#8902 - in reply to #8901) Subject: MTV - In the Last Few Months
Location: USA: MD, Columbia
I have been using MTV as a filter block for entry confirmation purposes with my OT system. I have one MTV filter for bulls, and another set for Bears, separately tweaked in the strategies.
In addition, I use the Volatility of MTV tuned for visual purposes, esp. to observe and quantify support and resistance levels that is NOT same as bears or the bulls MTV parameter settings.
There could be other uses too, found in the RETURN values options, but I need more clarity of examples on how best to use each Return settings for its purpose.
What I have experienced is, the MTV is 1-3 bars lag, but it should not be taken in that manner, as in many instances its a good thing from taking early entries.
In future, I'd want to see a MTV System, but at moment, I am attempting to find a critical way for my strategy to stop trading during choppy and noisy sessions, which I am sure MTV may be able to handle, but very unfamiliar territory how best to tune it in OT strategy.
More discussions on topic and examples of uses are needed by all those using MTV.