MULTI TIME FRAMES : 5min candles on 1min chart

• 03/08/2018 at 12:47 PM #64789
  Toto le Heros

  Hi,

  Here is my attempt to overpass PRT’s unability to deal with MultiTimeFrame strategies.

  I started by simply coding the 5min candles on a 1min chart (ie. : here on DAX).

  The code could probably be optimized but it works as far as I can see.

  I will be happy to hear your comments, questions and thoughts.

  BR,

  Diplaying 5 min candles on 1 min chart

  HORSSECONDE=100*(round(time/100)) MUNITE=((HORSSECONDE/10000 - round(HORSSECONDE/10000))*100)-1 if MUNITE<0 then MUNITE=((HORSSECONDE/10000 - (round(HORSSECONDE/10000)-1))*100)-1 endif if MUNITE=99 then MUNITE=59 endif RESTE=5*(MUNITE/5 - (round(MUNITE/5)-1)) if reste>=5 then reste=reste-5 endif if reste=0 then ouverture=open cloture=close haut=high bas=low elsif reste=1 then ouverture=open[1] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=2 then ouverture=open[2] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=3 then ouverture=open[3] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=4 then ouverture=open[4] cloture=close haut=max(haut,high) bas=min(bas,low) endif return ouverture as "OPEN", cloture as "CLOSE",haut as "HIGH",bas as "LOW"

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  HORSSECONDE=100*(round(time/100))   MUNITE=((HORSSECONDE/10000 - round(HORSSECONDE/10000))*100)-1 if MUNITE<0 then MUNITE=((HORSSECONDE/10000 - (round(HORSSECONDE/10000)-1))*100)-1 endif if MUNITE=99 then MUNITE=59 endif   RESTE=5*(MUNITE/5 - (round(MUNITE/5)-1)) if reste>=5 then reste=reste-5 endif   if reste=0 then ouverture=open cloture=close haut=high bas=low elsif reste=1 then ouverture=open[1] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=2 then ouverture=open[2] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=3 then ouverture=open[3] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=4 then ouverture=open[4] cloture=close haut=max(haut,high) bas=min(bas,low) endif   return ouverture as "OPEN", cloture as "CLOSE",haut as "HIGH",bas as "LOW"

   

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  Toto le Heros

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  03/08/2018 at 1:49 PM #64795
  Leo

  Nice approach. I do not tested yet. It is possible to draw box and lines in the chart. Nicolas has made it somewhere with renkt candles.

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  Toto le Heros

  

  Leo

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  03/08/2018 at 1:56 PM #64796
  Nicolas

  Thanks a lot toto!

  Or you can also draw a candlestick updated, each minute, example with your code:

  HORSSECONDE=100*(round(time/100)) MUNITE=((HORSSECONDE/10000 - round(HORSSECONDE/10000))*100)-1 if MUNITE<0 then MUNITE=((HORSSECONDE/10000 - (round(HORSSECONDE/10000)-1))*100)-1 endif if MUNITE=99 then MUNITE=59 endif RESTE=5*(MUNITE/5 - (round(MUNITE/5)-1)) if reste>=5 then reste=reste-5 endif if reste=0 then ouverture=open cloture=close haut=high bas=low elsif reste=1 then ouverture=open[1] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=2 then ouverture=open[2] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=3 then ouverture=open[3] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=4 then ouverture=open[4] cloture=close haut=max(haut,high) bas=min(bas,low) endif drawcandle(ouverture,haut,bas,cloture) return

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  HORSSECONDE=100*(round(time/100))   MUNITE=((HORSSECONDE/10000 - round(HORSSECONDE/10000))*100)-1 if MUNITE<0 then MUNITE=((HORSSECONDE/10000 - (round(HORSSECONDE/10000)-1))*100)-1 endif if MUNITE=99 then MUNITE=59 endif   RESTE=5*(MUNITE/5 - (round(MUNITE/5)-1)) if reste>=5 then reste=reste-5 endif   if reste=0 then ouverture=open cloture=close haut=high bas=low elsif reste=1 then ouverture=open[1] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=2 then ouverture=open[2] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=3 then ouverture=open[3] cloture=close haut=max(haut,high) bas=min(bas,low) elsif reste=4 then ouverture=open[4] cloture=close haut=max(haut,high) bas=min(bas,low) endif   drawcandle(ouverture,haut,bas,cloture)   return

   

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  Nicolas

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  03/08/2018 at 7:57 PM #64847
  Alai-n

  @Nicolas,

  Would it be possible to have more explanation on the composition of the code? Because visually it’s very clean, but I do not see any correlation with the actual range of candles 1 Minute …
  Some tracks for its use would be welcome!

  Good night

  

  Alai-n

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  03/08/2018 at 8:30 PM #64848
  Nicolas

  This is not my code. I just added the candlesticks, they replace the lines. As Toto explained, this indicator plots 5 minutes Open/High/Low/Close on a 1 minute timeframe.

  

  Nicolas

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  03/08/2018 at 11:04 PM #64859
  Vonasi

  I’m struggling a little bit to understand the code because I am a stupid Englishman who speaks only a tiny little bit of each language (I can order a beer)! Could someone adapt this to show weekly candles on a daily chart and save me a lot of effort doing Google translate? Sorry but I am a lazy Englishman as well as a monolingual Englishman!

  

  Vonasi

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  03/09/2018 at 9:18 AM #64881
  Nicolas

  @Vonasi

  I don’t think it is necessary to start from this code to make weekly candles on a daily chart, you can use the simple approach you can find in a weekly pivot points indicator instead.

  

  Nicolas

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  03/09/2018 at 3:16 PM #64911
  Toto le Heros

  Thanks for your comments.

  Code could be simplified as the function “MINUTE” exists in PRT.

  Code is just here to show that even if MTF is not available yet on PRT, there are ways to overpass this… I am rather scalper than day trader so that I do not need weekly/daily charts in general. But it might not be so difficult to code as well.

  

  Toto le Heros

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  07/26/2018 at 9:17 PM #76843
  ckat55

  Hello,

  Can you please tell me how I would set an alert for when the ‘candlesticks’ go bullish to bearish and vice versa.

  I am using the indicator that has the slightly modified code from Nicolas

  drawcandle

  drawcandle(ouverture,haut,bas,cloture)

  1	drawcandle(ouverture,haut,bas,cloture)

  Grateful for any replies, thank you.

  Kat

  

  ckat55

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  07/27/2018 at 8:57 AM #76858
  ckat55

  Hello,

  I take back my question, I see how to add the alert using the original code.

  Kat

  ckat55 wrote:

  Hello,

  Can you please tell me how I would set an alert for when the ‘candlesticks’ go bullish to bearish and vice versa.

  I am using the indicator that has the slightly modified code from Nicolas

  drawcandle

  drawcandle(ouverture,haut,bas,cloture)

  1	drawcandle(ouverture,haut,bas,cloture)

  Grateful for any replies, thank you.

  Kat

  

  ckat55

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  11/14/2022 at 1:35 PM #204144
  financier

  Thank you for your very useful code Toto.

  I scalp the Nasdaq futures and was wondering if it was possible to adapt it, or create something similar, for use on a 1 second chart with 5 or 15 second candles.

  I have been trying to do so, but with no success.

  Thank you.

  

  financier

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  11/14/2022 at 4:12 PM #204158
  JS

  Hi @financier

  You can now use the different time frames…

  When you want to have 10 second candles in a graph with a time frame of 1 second:

  TimeFrame(10 seconds, UpdateOnClose)

  DrawCandle(Open, High, Low, Close)

  Return

  (So, open this indicator in a graph with a time frame of 1 second…)

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  financier

  

  JS

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  11/15/2022 at 1:53 PM #204213
  financier

  Hi JS,

  Thank you for your reply.

  I will be using the code that you’ve recommended.

  

  financier

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