TIMEFRAME(1 hour, UpdateOnClose) ProScreener or TIMEFRAME in ProBuilder?
Does anyone know if the TIMEFRAME(1 hour, UpdateOnClose) is going to be added to ProScreener or when TIMEFRAME is coming to ProBuilder please?
Thanks
Rob
when TIMEFRAME is coming to ProBuilder please?
It was due very soon but I think the Covid-19 crisis and working from home has delayed a lot of the PRT projects.
UpdateOnClose for ProScreener will never be, since it scans markets live, so it would be odd waiting for a bar to close.
since it scans markets live, so it would be odd waiting for a bar to close.
I think that option could actually make for some very interesting indicator possibilities and might be something that PRT should consider including.
Screener, not indicator.
Even in a screener someone might want to scan for stocks where an indicator for the last candle on a different time frame closed above or below a certain value. It would still seem like a worthwhile addition to ProScreener to me.
You just need to refer to the previous close to know what was that value at closing time.
Screeners are made to scan markets live so to have values at closure you can either:
- reference previous bars
- wait till the current bar closes
They alert you of live signals, so that you can plan actions ahead to be taken when the signal is confirmed at closing time.
So my screener works fine live but I’m not interested until the candle is closed.
I have dynamic support/resistance levels coming from the daily timeframe and I’m looking for the hourly chart closing on one of these levels.
Live, it’s too noisy to watch, as I’m scanning 35 markets. Previously I have got around it by doing this:
IF TimeAlertShort[1] = 2 THEN
ScreenerAlert = 2
ELSIF TimeAlertLong[1] = 1 THEN
ScreenerAlert = 1
ELSE
ScreenerAlert = 9
ENDIF
But that’s for a single timeframe screener and it works fine. Just testing it for multi timeframe now but might take a few hourly closes.
One option would be to check the bar using the current timeframe. Say you are in 1 minute timeframe, checking «CurrentMinute» (real clock) and «Minute» (minute of the last bar) could help. I’ve tried to work with one delay, but I’m not sure it’s working so far (so instead of Close or Close[0], I use Close[1]).
UpdateOnClose would be great for ProScreener 🙂
Or perhaps something like:
IF Minute = CurrentMinute THEN
C = Close[1]
ELSE
C = Close[0]
ENDIF
