This code snippet can return the current timeframe information as a value in minutes: (not from me, came from a topic on the French forum if I remember correctly)
Would anyone be so kind to explain what the code just 2 posts above is doing? I am completely lost on understanding it.
It begins already with the if statement: BarIndex will never/seldom be less than 3 (at least on my computer I see only values around 500 minimum) , so the caculation should never be executed!
I tested all the times I can load with that code, for 4 hours it gives Timeframe=1.500 although the abs(barminutes) is correct 240 and for 7 hours Timeframe=180 with abs(barminutes)=420.
I need to limit calculation in one of my scripts depending on the timeframe of the chart and usually I am of the opinion “one must not invent the wheel for the 101st time”, but I don’t like to just c&p code hoping it will work without understanding it. That’s the code from above:
Thanks for your answer. It gave me indirectly the first solution (the if statement says simply: only take the first two bars for caculation) – sometimes I am a blockhead!
You said NbBar never changes – 2 also never changes, so consequently NbBar+2 will ALWAYS be 3 and it is legitimate to write
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ifBarIndex<3then
NbBar is only used once agin in that code, in the line
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Mybarminutes=lowest[NbBar](barminutes)[1]
and as it never changes and in the meantime its value has not been changed (by looping or something like that), it is as well legitimate to write
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