difference between timeframe(updateonclose) and timeframe()

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02/22/2021 at 4:59 AM #162291 quote

kevin12345
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hi,

can someone explain the difference between timeframe(…,updateonclose) and timeframe(..)? and if I am on 15min chart by default and the time is 2:30. i have a timeframe(4h,updateonclose) so does the command use the previous candle on the 4h chart because the lastest 4h candle has not closed yet?

thank you

02/22/2021 at 7:05 AM #162294 quote

robertogozzi
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Master

Yes, if you used timeframe(…,updateonclose), since all data are updated when the 4h candle closes.

timeframe(..), which can also be written as timeframe(..,default) would use the current 4h data every 15 minutes without waiting for its closure.

Timeframe(default) refers to the lowest TF used, instead. The one on your chart that has been used to set the pace at which the strategy is executed and for which updateonclose and default have the same meaning and are, for this reason, not allowed.

02/22/2021 at 9:06 AM #162305 quote

Nicolas
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First approach to multi timeframe trading with ProRealTime
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difference between timeframe(updateonclose) and timeframe()

ProOrder: Automated Strategies & Backtesting

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kevin12345 @kevin12345 Participant

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This topic contains 2 replies,
has 3 voices, and was last updated by Nicolas
5 years ago.

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Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	02/22/2021
Status:	Active
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