Multi Time Frames

IG_CFD_Trader · 2021-11-05T06:13:57+00:00

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?

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11/05/2021 at 7:13 AM #181010 quote

IG_CFD_Trader
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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

Legend
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

Legend

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

Legend

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

Legend
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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