MTF conversion

• 04/08/2019 at 1:53 PM #95708
  Juan Salas

  Hi everyone,

  Since MTF is not working in real trading, I am trying to replace part of the code with a different non-default timeframe.

  The default timeframe is 15 min, and I would like to adapt the 1 hour timeframe part of the code to 15′. I wonder if any of you guys have a solution for this:

  timeframe (1 hour, updateonclose) IF BARINDEX>1 THEN haopen60=(haopen60[1]+haclose60[1])/2 haclose60=(open+close+low+high)/4 ENDIF green60=haopen60<haclose60 red60=haopen60>haclose60 uturnbullish60=red60[3] AND red60[2] AND red60[1] AND green60

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  timeframe (1 hour, updateonclose) IF BARINDEX>1 THEN haopen60=(haopen60[1]+haclose60[1])/2 haclose60=(open+close+low+high)/4 ENDIF green60=haopen60<haclose60 red60=haopen60>haclose60 uturnbullish60=red60[3] AND red60[2] AND red60[1] AND green60

  I would like to convert this into 15′. I would start by multiplying the ratio by 4 and recreating the candles (open and close) and their periods, but in case anyone has solved or has a quick formula, I would greatly appreciate it.

  Thanks in advance,

  Juan

   

   

  

  Juan Salas

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  04/08/2019 at 2:51 PM #95714
  robertogozzi

  You could define a 1-hour bar  on a 15-minute TF by combining the last 4 bars:

  DEFPARAM CalculateOnLastBars = 1000 MaxOC = max(open,close) MinOC = min(open,close) MyH1high = highest[4](high) MyH1low = lowest[4](low) MyH1MaxOC = highest[4](MaxOC) MyH1MinOC = lowest[4](MinOC) MyH1Open = max(MyH1MaxOC,MyH1MinOC) MyH1Close = min(MyH1MaxOC,MyH1MinOC) IF hour <> hour[1] THEN DRAWCANDLE(MyH1open,MyH1high,MyH1low,MyH1close) coloured(0,128,0,16) BORDERCOLOR(0,128,0,128) ENDIF RETURN

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  DEFPARAM CalculateOnLastBars = 1000 MaxOC     = max(open,close) MinOC     = min(open,close) MyH1high  = highest[4](high) MyH1low   = lowest[4](low) MyH1MaxOC = highest[4](MaxOC) MyH1MinOC = lowest[4](MinOC) MyH1Open  = max(MyH1MaxOC,MyH1MinOC) MyH1Close = min(MyH1MaxOC,MyH1MinOC) IF hour <> hour[1] THEN    DRAWCANDLE(MyH1open,MyH1high,MyH1low,MyH1close) coloured(0,128,0,16) BORDERCOLOR(0,128,0,128) ENDIF RETURN

  This indicator shows, on a 15-minute TF, the whole 1-h candle, but it should be refined to show doji’s when 1-hour is a dojy and so forth….

  If this can be what you are looking for, then I may further work on it.

   

  

  robertogozzi

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  04/08/2019 at 3:18 PM #95724
  robertogozzi

  This is much better:

  DEFPARAM CalculateOnLastBars = 1000 //MaxOC = max(open,close) //MinOC = min(open,close) //MyH1high = highest[4](high) //MyH1low = lowest[4](low) //MyH1MaxOC = highest[4](MaxOC) //MyH1MinOC = lowest[4](MinOC) //MyH1Open = max(MyH1MaxOC,MyH1MinOC) //MyH1Close = min(MyH1MaxOC,MyH1MinOC) //IF hour <> hour[1] THEN //DRAWCANDLE(MyH1open,MyH1high,MyH1low,MyH1close) coloured(0,128,0,16) BORDERCOLOR(0,128,0,128) //ENDIF H1high = highest[4](high) H1low = lowest[4](low) H1Open = open[3] H1close = close IF hour <> hour[1] THEN DRAWCANDLE(H1open,H1high,H1low,H1close) coloured(0,0,0,255) BORDERCOLOR(0,128,0,128) ENDIF RETURN

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  DEFPARAM CalculateOnLastBars = 1000 //MaxOC     = max(open,close) //MinOC     = min(open,close) //MyH1high  = highest[4](high) //MyH1low   = lowest[4](low) //MyH1MaxOC = highest[4](MaxOC) //MyH1MinOC = lowest[4](MinOC) //MyH1Open  = max(MyH1MaxOC,MyH1MinOC) //MyH1Close = min(MyH1MaxOC,MyH1MinOC) //IF hour <> hour[1] THEN //DRAWCANDLE(MyH1open,MyH1high,MyH1low,MyH1close) coloured(0,128,0,16) BORDERCOLOR(0,128,0,128) //ENDIF H1high  = highest[4](high) H1low   = lowest[4](low) H1Open  = open[3] H1close = close IF hour <> hour[1] THEN    DRAWCANDLE(H1open,H1high,H1low,H1close) coloured(0,0,0,255) BORDERCOLOR(0,128,0,128) ENDIF RETURN

  You will define HA candles for the 15-minute TF as usual, while for the 1-h TF you’ll need to write:

  IF hour <> hour[1] THEN xH1Close = (H1open+H1close+H1low+H1high)/4 //TotalPrice xH1Open = (xH1Open[1]+xH1Close[1])/2 haH1High = Max(xH1Open, xH1Close) haH1Low = Min(xH1Open, xH1Close) xH1High = Max(H1High,haH1High) xH1Low = Min(H1Low,haH1Low) else xH1Close = xH1Close[1] xH1Open = xH1Open[1] xH1High = xH1High[1] xH1Low = xH1Low[1] endif

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  IF hour <> hour[1] THEN    xH1Close  = (H1open+H1close+H1low+H1high)/4    //TotalPrice    xH1Open   = (xH1Open[1]+xH1Close[1])/2    haH1High  = Max(xH1Open, xH1Close)    haH1Low   = Min(xH1Open, xH1Close)    xH1High   = Max(H1High,haH1High)    xH1Low    = Min(H1Low,haH1Low) else    xH1Close  = xH1Close[1]    xH1Open   = xH1Open[1]    xH1High   = xH1High[1]    xH1Low    = xH1Low[1] endif

   

  

  robertogozzi

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  04/08/2019 at 3:24 PM #95726
  robertogozzi

  When you refer to a previous 15-minute HA candle you will use [1], [2],… while for 1-hour candles you’ll need to multiply the number in brackets by 4.

  1 user thanked author for this post.

  Juan Salas

  

  robertogozzi

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  04/08/2019 at 3:50 PM #95730
  Juan Salas

  Thanks so much Roberto,

  It is perfect. I was working on something but nothing compared to your idea..

  Muchas gracias,

  Juan

   

  

  Juan Salas

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  Topics: 39

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  Been thanked: 63 times
  04/09/2019 at 8:30 AM #95784
  robertogozzi

  The code to access 1-hour bars should be:

  H1period = (Period - (Period mod 4)) / 4

  1	H1period = (Period - (Period mod 4)) / 4

   

  1 user thanked author for this post.

  Juan Salas

  

  robertogozzi

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