Plots are now extremely smooth and accurate on all timeframes **
Missing data points are automatically filled with the "best fit"
This is a Trend indicator and should be used to trade "top-down" aka:
Use your favorite entry method or simply watch for wicks forming when the price gets near the .
This is one of the few indicators that I've been using for years with success. Being able to plot both the current & higher timeframe MESA
can sometimes feel like cheating.
Due to the nature of the recursive calculation, you may notice slight differences between this version of MESA and others that either
approximate higher timeframes with fewer samples or make use of the latest "Resolution" argument in Pinescript V4. Both of which are
fine, until you start looking at M5 charts while plotting the Daily MESA.
As always, happy trading!
** Currently supports
If I use the Resolution tag in my study() call, then I wouldn't be able to show both time frames at once.
I compared the MTF plot to the "true" higher timeframe plot in my testing and noted that the differences exist, but tend to be small.
I wonder if this MTF method could also be applied to John Ehlers "Hilbert Sine Wave" !