Hourly Average plotted in Higher timeframe

• 05/17/2019 at 8:21 AM #98699
  marcara

  Hi Roberto,

   

  Maybe It did not explain correctly.

   

  I post the RSI inidicator mutitimeframe:  It diplays lower RS timeframes in higuer timeframes.

  You can check the post:

  https://www.prorealcode.com/topic/multitimeframe-indicator/

   

  I would like to know if it is posible to do the same with the simple average. You said that it is not possible with Graphonprice instruction..

   

  Thanks in advance

  

  marcara

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  05/17/2019 at 8:42 AM #98707
  robertogozzi

  marcara wrote:

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

  Plotting a 1-hour average on a 1-hour chart is simple, just add it to your chart.

  Plotting a 4-hour average on a 1-hour chart is possible with GRAPHONPRICE and ProBackTest

  Plotting a 1-hour average on a 4-hour chart makes no sense to me, but you can achieve that by dividing the periods (a 20 period 1-hour average would become a 5-period 4-hour average) but it wouldn’t be exactly the same!

   

  

  robertogozzi

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  05/17/2019 at 9:14 AM #98711
  marcara

   

  Having 1 hour 200 average in a 4 hour chart it is something very imprtant to have for me.

  So I guess that it is not possible to recode the RSI multitimeframe to be Average.

   

  Thanks

  

  marcara

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  05/17/2019 at 9:34 AM #98715
  robertogozzi

  Try this:

  //higher timeframe minutes count HigherTFminutes = 60   //current timeframe minutes count CurrentTFminutes = 240   //RSI period to display RSIperiod = 200   if hour<>hour[1] then c = close endif   currentRSI = average[RSIperiod](close)   factor = ROUND(HigherTFminutes/CurrentTFminutes)     MTFRSI = RSI[RSIperiod*factor](c)     RETURN currentRSI as "current TF RSI", MTFRSI as "higher TF RSI"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

  //higher timeframe minutes count HigherTFminutes = 60   //current timeframe minutes count CurrentTFminutes = 240   //RSI period to display RSIperiod = 200   if hour<>hour[1] then c = close endif   currentRSI = average[RSIperiod](close)   factor = ROUND(HigherTFminutes/CurrentTFminutes)     MTFRSI = RSI[RSIperiod*factor](c)     RETURN currentRSI as "current TF RSI", MTFRSI as "higher TF RSI"

  If you want, you can replace any occurrence of the letters RSI with AVG.

  

  robertogozzi

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  05/17/2019 at 12:11 PM #98724
  marcara

  Thank youI have tried but it claims that Average needs apositive rounded number.

  I ave tried to modify it with no luck.

   

  Thanks in advance

  

  marcara

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  05/17/2019 at 12:22 PM #98725
  Vonasi

  I’m with Roberto on this one – I don’t understand what you will achieve by putting a 1 hour average on a four hour chart. While a four hour candle is forming four 1 hour candles will open and close. When the four hour candle closes you are left with a line that just represents what the 1 hour average was at the close of the last hour of that four hour period. Nothing will be displayed that represents the first three hours.

  

  Vonasi

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  05/17/2019 at 12:28 PM #98726
  marcara

  Thanks Roberto.

   

  The 200 Average in 60 miutes chart is a suport or resistance line more important than the 200 average in te 4 hours chart.

  As I am trading in the 4 hours chart, It will be perfect to have the 1 hour 200 simple average plotted in the 4 hours chart!

   

  Thanks in advance

  

  marcara

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  05/17/2019 at 12:51 PM #98729
  robertogozzi

  Try replacing lines 18-19 with:

  x = max(1,round(RSIperiod*factor)) MTFRSI = RSI[x](c)

  1 2	x = max(1,round(RSIperiod*factor)) MTFRSI = RSI[x](c)

   

   

   

  

  robertogozzi

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  05/17/2019 at 1:00 PM #98730
  pableitor

  I dont know your system but I would default to the H1 chart , plot the H1 200 SMA in H1 and use the powerful multimeframe instructions (  in your case timeframe(4 hours,updateonclose) I guess) to get  whatever H4 data your system uses.

  

  pableitor

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  05/17/2019 at 1:06 PM #98731
  robertogozzi

  No, he needs to use a 4-hour chart and wants to plot the 1-hour average on it.

  It’s just a matter of doing some math, though the results won’t be the same as having ProBuilder support multiple time frames (as I hope it will be in the future).

  

  robertogozzi

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  05/19/2019 at 4:36 AM #98817
  marcara

  Hi,

   

  It is not working; I have tried to unserstand and modify it with no luck.

   

  Thanks in advance

  

  marcara

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  05/20/2019 at 9:11 AM #98864
  robertogozzi

  This works (but, as you can see from attached pic, there’s a slight difference):

  //higher timeframe minutes count HigherTFminutes = 60 //Can be lower (in this case) //current timeframe minutes count CurrentTFminutes = 240 //AVG period to display AVGperiod = 200 if hour<>hour[1] then c = close endif currentAVG = average[AVGperiod](close) factor = HigherTFminutes/CurrentTFminutes x = max(1,round(AVGperiod*factor)) MTFAVG = average[x](c) RETURN currentAVG as "current TF AVG", MTFAVG as "higher/lower TF AVG"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14

  //higher timeframe minutes count HigherTFminutes = 60                 //Can be lower (in this case) //current timeframe minutes count CurrentTFminutes = 240 //AVG period to display AVGperiod = 200 if hour<>hour[1] then    c = close endif currentAVG = average[AVGperiod](close) factor = HigherTFminutes/CurrentTFminutes x = max(1,round(AVGperiod*factor)) MTFAVG = average[x](c) RETURN currentAVG as "current TF AVG", MTFAVG as "higher/lower TF AVG"

   

  

  robertogozzi

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  05/20/2019 at 9:20 AM #98866
  Vonasi

  robertogozzi wrote:

  there’s a slight difference

  Mainly the fact that one is a 200 period average on the hourly chart and the other is a 50 period average on the four hour chart!

  75% of the data required to truly calculate a 200 period hourly average is not available on the four hour chart.

  

  Vonasi

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  05/20/2019 at 1:53 PM #98895
  marcara

  Thank you very much Roberto!

   

  Yes I have been trying and it works ok but the data is slightly different, I is ok to use in demo but not in a real account.

   

  I guess this is the most accurate that we can actually have.

   

  Thanks in advance for yor help

  

  marcara

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