Hi @Vivek_Naren,
Mutlitime frameP, is an interim indicator, which on Monday will get changed to “Multitime Frame Completed” which will be available both in screener and strategy.
So coming to difference b/w Multitime Frame Completed and Multitime Frame
Multitime Frame Completed : Will be present in both Create Plus and Scanners. This only looks at completely formed candle(of same or larger timeframe), eg: if close crosses above multitime frame completed(supertrend,day), then it will compare currently candle’s close with the supertrend on a completely formed day candle (which will be yesterday’s day supertrend)
VS
Multitime frame : Only present in scanners, and calculates value on larger time frame indicator values on partial candles.
So Multitime frame with offset of -1 = Multitime frame completed
Now, why is this necessary, while in scanners, it okay to just filter based on partial forming candles.
For strategies, its causes a bunch of logical fallacies.
- Partial candle MTF cannot be backtested as it is not possible to precisely predict partial indicator values to produce precise, and verifiable backtests
- Its can lead to look ahead biases
- Live alerts sent might not always be verifiable with charts and match backtest
Hope this provided you with clarification and also a peek into the depth of thinking gone into this.