Multi Time Frames

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  • 11/05/2021 at 7:13 AM #181010 quote
    IG_CFD_Trader
    Participant
    Average

    Hello coders,

    Would the below simple indicator work on a 1 Hr chart?

    defparam drawonlastbaronly = true
    if CurrentTime = 172000 Or OpenTime = 172000 Then
    DrawText(“Check 65m TimeFrame”,barindex,high+10,SansSerif,standard,16)coloured(255,255,255)
    Endif
    Return

    if it doesn’t work, is there a way to fix the code to make it work?

    11/05/2021 at 8:36 AM #181012 quote
    robertogozzi
    Moderator
    Master

    1-hour TF will only open, and close, every hour, so there will never be a chance for a condition to be met at a 20-minute time.

    You need to change TF or your code as follows:

    if Time = 172000 or (Time > 172000 and Time[1] < 172000) then

    you can replace TIME by OPENTIME.

    11/05/2021 at 8:45 AM #181013 quote
    IG_CFD_Trader
    Participant
    Average

    I am confused. Did you mean the code will never work on 1 Hr chart no matter what or are you saying if I change the code to what you suggested then the 20 minute time condition will be met on 1 Hr chart?

    11/05/2021 at 12:26 PM #181027 quote
    robertogozzi
    Moderator
    Master

    No, it allows your condition to be checked on the first TF boundary AFTER 172000.

    On a 1-hour TF your condition will be met at 180000.

    With your code it will never be met.

    11/05/2021 at 9:08 PM #181082 quote
    IG_CFD_Trader
    Participant
    Average

    No good mate. I want my condition to be met at precisely 172000 when I am on a 1 Hr chart. is it possible?

    11/05/2021 at 9:16 PM #181083 quote
    robertogozzi
    Moderator
    Master

    Nope. Sorry.

    11/06/2021 at 12:37 AM #181096 quote
    IG_CFD_Trader
    Participant
    Average

    Tnx Roberto. Much appreciated mate.

    11/08/2021 at 5:48 AM #181207 quote
    IG_CFD_Trader
    Participant
    Average

    Would the below trick code work and Draw the Text at 15.45 on the 1 Hr Chart?

    defparam drawonlastbaronly = true
elapsed = timestamp - opentimestamp
if OPENTIME = 150000 then
if elapsed = 2700 then
DrawText("Check 135m F9",barindex,high+10,SansSerif,standard,16)coloured(255,255,255)
Endif
Endif
Return
    11/08/2021 at 11:46 AM #181233 quote
    Nicolas
    Keymaster
    Master

    The above code should work, but the text will appear only at exact timestamp. But you will probably not see it for 2 reasons:

    1. “elapsed” is equal to 7200 seconds, there is only a small chance the 1-hour bar will update at this precise second
    2. if the text is plotted, it will disappear automatically since you are using a drawonlastbaronly
    11/08/2021 at 12:40 PM #181237 quote
    IG_CFD_Trader
    Participant
    Average

    Tnx Nicolas.

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Multi Time Frames


ProBuilder: Indicators & Custom Tools

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IG_CFD_Trader @wnakhoul Participant
Summary

This topic contains 9 replies,
has 3 voices, and was last updated by IG_CFD_Trader
4 years, 3 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 11/05/2021
Status: Active
Attachments: No files
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