Hourly Average plotted in Higher timeframe

• 05/14/2019 at 10:27 AM #98446
  marcara

  Hi,

   

  I am trying to plot the 200 moving average of the hourly chart in higher timeframes; 4 hours chart for instance.

  I have tried grapfhonprice as suggested in the example 2, but it is nt working; it claims:

  https://www.prorealcode.com/documentation/graphonprice/

   

  Example 2

  timeframe(4 hours) mm7h4=average[7] mm20h4=average[20] mm50h4=average[50] boluph4=BollingerUp[20](close) boldnh4=BollingerDown[20](close) timeframe(1 hour) mm7h1=average[7] mm20h1=average[20] mm50h1=average[50] boluph1=BollingerUp[20](close) boldnh1=BollingerDown[20](close) timeframe(default) a = 0 if a>0 then buy at market endif // --- PLOT MTF INDICATORS ON PRICE CHART //4 hours indis graphonprice mm7h4 coloured(200,200,0) graphonprice mm20h4 coloured(200,200,0) graphonprice mm50h4 coloured(200,200,0) graphonprice boluph4 coloured(200,200,0) graphonprice boldnh4 coloured(200,200,0) //1 hour indis graphonprice mm7h1 coloured(0,200,0) graphonprice mm20h1 coloured(0,200,0) graphonprice mm50h1 coloured(0,200,0) graphonprice boluph1 coloured(0,200,0) graphonprice boldnh1 coloured(0,200,0) //etc.

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  timeframe(4 hours) mm7h4=average[7] mm20h4=average[20] mm50h4=average[50] boluph4=BollingerUp[20](close) boldnh4=BollingerDown[20](close) timeframe(1 hour) mm7h1=average[7] mm20h1=average[20] mm50h1=average[50] boluph1=BollingerUp[20](close) boldnh1=BollingerDown[20](close) timeframe(default) a = 0 if a>0 then buy at market endif // --- PLOT MTF INDICATORS ON PRICE CHART //4 hours indis graphonprice mm7h4 coloured(200,200,0) graphonprice mm20h4 coloured(200,200,0) graphonprice mm50h4 coloured(200,200,0) graphonprice boluph4 coloured(200,200,0) graphonprice boldnh4 coloured(200,200,0) //1 hour indis graphonprice mm7h1 coloured(0,200,0) graphonprice mm20h1 coloured(0,200,0) graphonprice mm50h1 coloured(0,200,0) graphonprice boluph1 coloured(0,200,0) graphonprice boldnh1 coloured(0,200,0) //etc.

   

  Thanks in advance for your help

   

   

  

  marcara

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  05/14/2019 at 10:39 AM #98447
  robertogozzi

  It looks like it’s working fine on DAX, 30-minute TF.

  

  robertogozzi

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  05/14/2019 at 11:12 AM #98450
  marcara

  Thanks Roberto,

   

  Yoou are right, It wors fine in 30 minutes also and also in 1 hour timeframe  but you get an error in 4 hours timeframe and daily timeframe.

   

  Thanks n advance

  

  marcara

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  05/14/2019 at 12:03 PM #98459
  Nicolas

  What is the error you get in these timeframes please?

  

  Nicolas

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  05/14/2019 at 12:33 PM #98464
  marcara

  Attached you hace the error. Thanks

  

  marcara

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  05/14/2019 at 1:11 PM #98474
  Nicolas

  You get this error because you have to launch the strategy on the lowest timeframe declared by your TIMEFRAME instruction.

  

  Nicolas

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  05/14/2019 at 1:14 PM #98477
  robertogozzi

  It’s because you use timeframes that are not multiple of the lowest one, that on the chart.

  If you use, say, a 20-minute TF on the chart, then you cannot refer TF’s like 30 minutes in your code.

  What TF’s did you use?

  

  robertogozzi

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  05/14/2019 at 2:56 PM #98486
  marcara

  Thansks

  I have just copied the example 2 that it claims:

  4 hours and 1 hour indicators plotted on the current chart.

   

  I is wotking in 30 minutes and 1 hour chart but it is not working in 4 hours and daily chart.

   

  I would like to plot the 200 hourly average in four hours chart and daily charts. What I should change?

   

  Many thanks

   

   

  

  marcara

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  05/14/2019 at 3:27 PM #98488
  robertogozzi

  As it has already been said, MTF requires the lowest TF on the chart!

  So, in this case you can use it on any TF <= 1 hour provided 1 hours and 4 houra are multiples. You cannot launch it from a 17-minute TF, because 1 hour (60 minutes) and 4 hours (240 minutes) are NOT multiple of 17.

  You CANNOT use it on any TF higher than 1 hour, since this is the lowest TF you use in your strategy.

  By the way, what use it a 1-hour and 4-hour MA on a Daily TF? It’s fine the other way round.

  1 user thanked author for this post.

  marcara

  

  robertogozzi

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  05/15/2019 at 4:54 AM #98518
  marcara

  Thank you very much.

  Now I understood perfectly the issue.

  An yes, I would like to plot the SMA200 hourly in a 4 hours chart.

  Is it possible?

   

  Thanks

  

  marcara

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  05/15/2019 at 6:53 AM #98519
  robertogozzi

  I am not sure you understood the issue, you CANNOT use a higher TF as default.

  You can plot a 4h TF’s indicators on a 1h TF, not the other way round!

  Moreover, what use would be doing the other way round?

   

  

  robertogozzi

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  05/15/2019 at 9:41 AM #98534
  marcara

  Yes I understood.

   

  And I would like the hourly plotted in the 4 hours chart because the hourly average is an important level.

  

  marcara

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  05/15/2019 at 10:12 AM #98540
  robertogozzi

  It is impossible to do, but in case you could do that, every 4 hours you would like to plot a 1-hor MA, which hour would you like to be plotted, out of for? That of the first hour, the second hour, the third or the last hour?

  If you are in front of your 4-hour chart and you plot on it the 1-h MA from 2 hours before, does that make sense.

  The other way round is true, if you are taking a glance at your 1-hour chart you may want to also plot the 4-hour MA to see what the price and indicators on higher TF are doing.

   

  

  robertogozzi

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  05/17/2019 at 4:05 AM #98667
  marcara

  I woud like to plot the 1 hour average as it is in the 1 hour graph.

   

  I found in another post another solution for the RSI that I do not know if  it can be changed to apply to the simple average, thanks for your help.

   

  RSI short timeframe to higher timeframe

  //higher timeframe minutes count //HigherTFminutes = 60 //current timeframe minutes count //CurrentTFminutes = 5 //RSI period to display //RSIperiod = 14 if hour<>hour[1] then c = close endif currentRSI = RSI[RSIperiod](close) factor = ROUND(HigherTFminutes/CurrentTFminutes) MTFRSI = RSI[RSIperiod*factor](c) RETURN currentRSI as "current TF RSI", MTFRSI as "higher TF RSI"

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  //higher timeframe minutes count //HigherTFminutes = 60   //current timeframe minutes count //CurrentTFminutes = 5   //RSI period to display //RSIperiod = 14   if hour<>hour[1] then c = close endif   currentRSI = RSI[RSIperiod](close)   factor = ROUND(HigherTFminutes/CurrentTFminutes)     MTFRSI = RSI[RSIperiod*factor](c)     RETURN currentRSI as "current TF RSI", MTFRSI as "higher TF RSI"

   

   

   

   

   

  

  marcara

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  05/17/2019 at 7:20 AM #98672
  robertogozzi

  Just open the 1-hour chart, then add a moving average.

  Have you found difficulties in trying?

  

  robertogozzi

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