How to use the Multibit-System x8 Processor

7 de set. de 2022

First, the bases of this chart:

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

11 de set. de 2022

Nota

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

12 de set. de 2022

Nota

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