what is multibit: its a way to transmit 16 bools from one indicator to the next, based on the library this is called daisy chaining, so to use that stuff u need at least a TV-pro+ license, but i would recommend premium, as you also have more data to analyze
here you see how its basically looking, x8 can do 8 channels, starting from the bottom which is 0 to the top which is channel 7
what is a classic signal: its a signal for daisy chaining based on a trigger line which can do -1, 0, +1 for short,long, neutral
What to see in that Idea: 5 indicators chained into a row which are finally a combined to a strategy
[Mad] almost Nadaraya-watson -- configured to deliver classic signal on cross-inside --> to Digitalsignal plot [Mad MBS] x8 L3 Processor -- configured to convert a classic to a multibit to channel 0(L),1(S) --> to Multibit plot [Mad MBS] L1 L2 RSI -- configured to deliver a multibit signal on channel 2(oversold),3(overb.) --> to Multibit plot all the data is now into the daisychain multibit link (so channel 0 1 2 3 used) [Mad MBS] x8 L3 Processor -- here a lot more of the magic begins: MDB: channel 0 to ch. 0 (filtering small moves (+-4%) MDB: channel 1 to ch. 1 (filtering small moves (+-4%) TON: channel 2 to ch. 4 prolonging 2 by 10 bars TON: channel 3 to ch. 5 prolonging 2 by 10 bars AND: channel 0 and 4 to channel 6 AND: channel 1 and 5 to channel 7 finaly its configured to send out a classic signal from channel 6 and 7 -> 6 is +1 7 is a -1 else 0 --> to Digitalsignal plot
you can now do alarms on the x8 processor Digitalsignal (trigger above and below 0 for long short)
FINISHED, OR:
[Mad] L5 Backtest MK5.5 grabbs the x8 processor (Digitalsignal) and does the risk management and does its magic with the settings in the indicator --> delivers alarms how the position gets managed with a alarmmessage {{strategy.order.alert_message}} in the alarmconfig, than you get the custom texts from the module
Functions inside the x8 Processor (you can read the signaltranscoder library for more details) And and condition - 1 2 or 3 signals to on channel line 2 output channel Or condition - 1 2 or 3 signals to on channel line 2 output channel XOR, XAND, NAND, NOR (this are basic Logic combiners) TON - wants a signal over a minumum selectable length to let it pass TOF - prolongs a signal by length selected
next 2 are little bit more tricky MDP (MinimumPercentagePromille) - only lets pass a signal if it minimum grows or shrinks xxxx promile Parameters: would be: 1=Input, 2= 950(5% shrink), 3= 1050(5% grow) 4=outputchannel 5= MDP RATE - wants a amount of signals in a defined length Parameters: 1= input, 2= candleamount, 3= minimum count 4= output 5= RATE
that list are most functions a strategy uses, so you can combine more indicators in a row without the need to code around every time you wanna try something.
There are now several multibit indicators out in the wild from me, each of my indicators which i touch again or update will be compatible. at least for Level 1 Indicators i do a 1,0 -1 Classic signal which a x8 can turn into a multibit very quicky.
a implementation reference code you can see here: at the bottom of the script, both versions, classic and multibit
have fun
הערה
With this script here you can directly place alarms on the chart by selecting a Channel which needs to be displayed.
additionally you can create alarms directly on each of the 16 Channel lines
example: 2x BBx3 Script here to x8 and from there plot he alerts on the chart... basicially you can do some "and, ors, TOF,..:" and display the result
הערה
Multibit enabled Playtoys:
Processors
Basis Output at Chart
Riskmanagement Multibit Riskmanagement Free edition (DigitalSignal from x8 x16 only)
Trends
RSI: little bit modified to be centered and some final smoothing options. not cleaned up
Clouds:
Level 1 - Manual Entrys: no multibit L1 -> convert with x8 -> multibit
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