How to use the Multibit-System x8 Processor

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

almost Nadaraya-watson -- configured to deliver classic signal on cross-inside
--> to Digitalsignal plot
x8 L3 Processor -- configured to convert a classic to a multibit to channel 0(L),1(S)
--> to Multibit plot
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)
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:


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

Comment:

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

Comment:

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