Multi timeframe – MTF indicators for ProRealTime

• 07/08/2024 at 9:51 AM #234924
  xpe74

  Thanks, by launching the strategy on the 1 minute TMF, do you mean placing the  1mn lines at the beginning of the global code and then the 60 minutes conditions / lines of code ? Thanks

   

  

  xpe74

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  07/08/2024 at 10:31 AM #234929
  Nicolas

  Place your code related to the 60-minutes timeframe under this statement:

  TIMEFRAME(1 hour, updateonclose) //use update on close or not?

  1	TIMEFRAME(1 hour, updateonclose) //use update on close or not?

  and the rest, about the 1-minute conditions below this:

  TIMEFRAME(default)

  1	TIMEFRAME(default)

  Default is the current timeframe of the chart.

  

  Nicolas

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  07/08/2024 at 2:22 PM #234950
  xpe74

  HI, dos not work . My code (not even finished at that stage)  is looking like . The idea is to check few indicators during a 1 hour timeframe ad if one of the indicator is correctly responding, then to generate immedately an order during the 1 minute timeframe… It means i need to get the expected signal during the 60 minutes timeframe and immediately react under the 1 mn timeframe. It also means i cannot wait the 1 hour TF is closed and restart  ….thats probably the issue. I also tested the condition all conditions = order or 1 of the conditions )= order. without success.

  DEFPARAM CumulateOrders = False // Cumul des positions désactivé

  // Prevents the system from placing new orders on specified days of the week

  daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

  // Empêche le système de placer des ordres pour entrer sur le marché ou augmenter la taille d’une position avant l’heure spécifiée

  noEntryBeforeTime = 003000

  timeEnterBefore = time >= noEntryBeforeTime

  // Empêche le système de placer des ordres pour entrer sur le marché ou augmenter la taille d’une position après l’heure spécifiée

  noEntryAfterTime = 215500

  timeEnterAfter = time < noEntryAfterTime

  // Conditions pour ouvrir une position acheteuse

  timeframe (60 minutes)

  indicator1 = xxxx[x]

  c1 = (indicator1 > x)

  indicator2 = xxxxxx[x]

  indicator3 = xxxxx[x](open)

  c2 = (indicator2 CROSSES OVER indicator3)

  indicator4 = xxxxx[x](totalPrice)

  indicator5 = xxxxxxx[x](totalPrice)

  c3 = (indicator4 CROSSES OVER indicator5)

  indicator6 = xxxxxx[x](totalPrice)

  indicator7 = xxxxx[x](totalPrice)

  c4 = (indicator6 CROSSES OVER indicator7)

  indicator8 = xxxxxxxxx[x,y](close)

  indicator9 = xxxxxxx[x](xxxxxxxxxx[x,y](close))

  c5 = (indicator8 CROSSES OVER indicator9)

  indicator10 = xxxxxxxx[x](xxxxxxxxxxxxxxxx[x,y](close))

  c6 = (indicator10[1] CROSSES OVER indicator10)

  c7 = (indicator2[1] CROSSES OVER indicator3)

  timeframe(1 minute,default)

  IF (c1 AND c2 AND c3 AND c4 AND c5 AND c6 And 7) AND not daysForbiddenEntry THEN

  BUY 1 SHARES AT MARKET

  ENDIF

   

   

   

  

  xpe74

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  07/08/2024 at 3:34 PM #234956
  Philstrading

  Hmmm

  Lolzzzz

  Anyway, your want an indicator on the 1hr timeframe to trigger a buy or sell on the 1 minute timeframe…

  It wont happen, becuase you may have to wait a minute for the close of the 1 minute… so here’s an example code, but for an immediate reaction run on the 1 second timeframe not 1 minute…Let me give you a code for running a code on 1 second chart only using the values or results from 5 or 10 minutes chart.
  So once you have the variable triggered in the HTF the in the below case it retains the value of the close, otherwise it updates all the time and messes up the trail… so

  timeframe (1hour, updateonclose)
  If not onmarket then
  mytrigger=0
  endif
  if movingaverageA crossesovermoving averageB then
  Mytrigger=1
  else
  mytrigger=0
  endif
  timeframe (1 second)
  If not onmarket and mytrigger=1 then
  sell myamount contracts at market
  endif

  // If you use the 1 minute chart, you may have to await the end of bar, so for immediate execution use the 1 second timeframe for execution of trades and HTFs for conditions determination

   

  Timeframe (10 minute, updateonclose) //this will ensure only the close value is taken and it doesnt constantly update on the deafault timeframe//
  Timeframe (10 minute, updateonclose)
  if close[0] then
  close10min=close[0]
  endif

  Timeframe (5 minute, updateonclose)
  if close[0] then
  close5min=close[0]
  endif

  timeframe (default)//you can put this as 5 minutes, or whatever but the code runs on the 1 second chart and runs the dax trail perfectly well
  if daxtrail5mins=1 then
  once m=0
  IF Not OnMarket THEN
  trailpausecount=0
  TrailStart = 8 //10 Start trailing profits from this point
  BasePerCent = 0.100 //10.0% Profit to keep
  StepSize = 3 //6 Pips chunks to increase Percentage
  PerCentInc = 0.100 //10.0% PerCent increment after each StepSize chunk
  RoundTO = -0.5 //-0.5 rounds to Lower integer, +0.4 rounds to Higher integer
  PriceDistance = 7 * pipsize//8.9 minimun distance from current price
  y1 = 0
  y2 = 0
  ProfitPerCent = BasePerCent
  endif
  If onmarket and m=0 then
  m=1
  ENDIF
  If not onmarket and m=1 THEN
  QUIT
  endif
  If trailtimeframe=5 then
  close5=close5min
  elsif trailtimeframe=10 THEN
  close5=close10min
  endif
  If onmarket and close5 then
  IF LongOnMarket AND close5 > (TradePrice + (y1 * pipsize)) THEN //LONG
  x1 = (close5 – tradeprice) / pipsize //convert price to pips
  IF x1 >= TrailStart THEN //go ahead only if N+ pips
  Diff1 = abs(TrailStart – x1)
  Chunks1 = max(0,round((Diff1 / StepSize) + RoundTO))
  ProfitPerCent = BasePerCent + (BasePerCent * (Chunks1 * PerCentInc))
  ProfitPerCent = max(ProfitPerCent[1],min(100,ProfitPerCent))
  y1 = max(x1 * ProfitPerCent, y1) //y = % of max profit
  ENDIF
  ELSIF ShortOnMarket AND close5 < (TradePrice - (y2 * pipsize)) THEN//SHORT x2 = (tradeprice - close5) / pipsize //convert price to pips IF x2 >= TrailStart THEN //go ahead only if N+ pips
  Diff2 = abs(TrailStart – x2)
  Chunks2 = max(0,round((Diff2 / StepSize) + RoundTO))
  ProfitPerCent = BasePerCent + (BasePerCent * (Chunks2 * PerCentInc))
  ProfitPerCent = max(ProfitPerCent[1],min(100,ProfitPerCent))
  y2 = max(x2 * ProfitPerCent, y2) //y = % of max profit
  ENDIF
  ENDIF
  IF y1 THEN //Place pending STOP order when y>0
  SellPrice = Tradeprice + (y1 * pipsize) //convert pips to price
  IF abs(close5 – SellPrice) > PriceDistance THEN
  IF close5 >= SellPrice THEN
  SELL AT SellPrice STOP
  ELSE
  SELL AT SellPrice LIMIT
  ENDIF
  ELSE
  SELL AT Market
  ENDIF
  If not onmarket and m=1 THEN
  QUIT
  endif
  ENDIF
  IF y2 THEN //Place pending STOP order when y>0
  ExitPrice = Tradeprice – (y2 * pipsize) //convert pips to price
  IF abs(close5 – ExitPrice) > PriceDistance THEN
  IF close5 <= ExitPrice THEN EXITSHORT AT ExitPrice STOP ELSE EXITSHORT AT ExitPrice LIMIT ENDIF ELSE EXITSHORT AT Market ENDIF If not onmarket and m=1 THEN quit endif ENDIF endif endif


  

  Philstrading

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  07/08/2024 at 3:42 PM #234957
  Philstrading

  U know I didnt have insrt PRT code in my before window, so sorry abo that, thought something had changed, but now its there again…. Hmmm

   

  Heres the codes again

  multi timeframe events causing trigger in LTF

  timeframe (1hour, updateonclose) If not onmarket then mytrigger=0 endif if movingaverageA crossesovermoving averageB then Mytrigger=1 else mytrigger=0 endif timeframe (1 second) If not onmarket and mytrigger=1 then sell myamount contracts at market endif

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  timeframe (1hour, updateonclose) If not onmarket then mytrigger=0 endif if movingaverageA crossesovermoving averageB then Mytrigger=1 else mytrigger=0 endif timeframe (1 second) If not onmarket and mytrigger=1 then sell myamount contracts at market endif

  quit as its ran on a manual entry program on 1 seconds

  if close[0] then close10min=close[0] endif Timeframe (5 minute, updateonclose) if close[0] then close5min=close[0] endif timeframe (default)//you can put this as 5 minutes, or whatever but the code runs on the 1 second chart and runs the dax trail perfectly well if daxtrail5mins=1 then once m=0 IF Not OnMarket THEN trailpausecount=0 TrailStart = 8 //10 Start trailing profits from this point BasePerCent = 0.100 //10.0% Profit to keep StepSize = 3 //6 Pips chunks to increase Percentage PerCentInc = 0.100 //10.0% PerCent increment after each StepSize chunk RoundTO = -0.5 //-0.5 rounds to Lower integer, +0.4 rounds to Higher integer PriceDistance = 7 * pipsize//8.9 minimun distance from current price y1 = 0 y2 = 0 ProfitPerCent = BasePerCent endif If onmarket and m=0 then m=1 ENDIF If not onmarket and m=1 THEN QUIT endif If trailtimeframe=5 then close5=close5min elsif trailtimeframe=10 THEN close5=close10min endif If onmarket and close5 then IF LongOnMarket AND close5 > (TradePrice + (y1 * pipsize)) THEN //LONG x1 = (close5 – tradeprice) / pipsize //convert price to pips IF x1 >= TrailStart THEN //go ahead only if N+ pips Diff1 = abs(TrailStart – x1) Chunks1 = max(0,round((Diff1 / StepSize) + RoundTO)) ProfitPerCent = BasePerCent + (BasePerCent * (Chunks1 * PerCentInc)) ProfitPerCent = max(ProfitPerCent[1],min(100,ProfitPerCent)) y1 = max(x1 * ProfitPerCent, y1) //y = % of max profit ENDIF ELSIF ShortOnMarket AND close5 < (TradePrice - (y2 * pipsize)) THEN//SHORT x2 = (tradeprice - close5) / pipsize //convert price to pips IF x2 >= TrailStart THEN //go ahead only if N+ pips Diff2 = abs(TrailStart – x2) Chunks2 = max(0,round((Diff2 / StepSize) + RoundTO)) ProfitPerCent = BasePerCent + (BasePerCent * (Chunks2 * PerCentInc)) ProfitPerCent = max(ProfitPerCent[1],min(100,ProfitPerCent)) y2 = max(x2 * ProfitPerCent, y2) //y = % of max profit ENDIF ENDIF IF y1 THEN //Place pending STOP order when y>0 SellPrice = Tradeprice + (y1 * pipsize) //convert pips to price IF abs(close5 – SellPrice) > PriceDistance THEN IF close5 >= SellPrice THEN SELL AT SellPrice STOP ELSE SELL AT SellPrice LIMIT ENDIF ELSE SELL AT Market ENDIF If not onmarket and m=1 THEN QUIT endif ENDIF IF y2 THEN //Place pending STOP order when y>0 ExitPrice = Tradeprice – (y2 * pipsize) //convert pips to price IF abs(close5 – ExitPrice) > PriceDistance THEN IF close5 <= ExitPrice THEN EXITSHORT AT ExitPrice STOP ELSE EXITSHORT AT ExitPrice LIMIT ENDIF ELSE EXITSHORT AT Market ENDIF If not onmarket and m=1 THEN quit endif ENDIF endif endif

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  if close[0] then close10min=close[0] endif Timeframe (5 minute, updateonclose) if close[0] then close5min=close[0] endif timeframe (default)//you can put this as 5 minutes, or whatever but the code runs on the 1 second chart and runs the dax trail perfectly well if daxtrail5mins=1 then once m=0 IF Not OnMarket THEN trailpausecount=0 TrailStart = 8 //10 Start trailing profits from this point BasePerCent = 0.100 //10.0% Profit to keep StepSize = 3 //6 Pips chunks to increase Percentage PerCentInc = 0.100 //10.0% PerCent increment after each StepSize chunk RoundTO = -0.5 //-0.5 rounds to Lower integer, +0.4 rounds to Higher integer PriceDistance = 7 * pipsize//8.9 minimun distance from current price y1 = 0 y2 = 0 ProfitPerCent = BasePerCent endif If onmarket and m=0 then m=1 ENDIF If not onmarket and m=1 THEN QUIT endif If trailtimeframe=5 then close5=close5min elsif trailtimeframe=10 THEN close5=close10min endif If onmarket and close5 then IF LongOnMarket AND close5 > (TradePrice + (y1 * pipsize)) THEN //LONG x1 = (close5 – tradeprice) / pipsize //convert price to pips IF x1 >= TrailStart THEN //go ahead only if N+ pips Diff1 = abs(TrailStart – x1) Chunks1 = max(0,round((Diff1 / StepSize) + RoundTO)) ProfitPerCent = BasePerCent + (BasePerCent * (Chunks1 * PerCentInc)) ProfitPerCent = max(ProfitPerCent[1],min(100,ProfitPerCent)) y1 = max(x1 * ProfitPerCent, y1) //y = % of max profit ENDIF ELSIF ShortOnMarket AND close5 < (TradePrice - (y2 * pipsize)) THEN//SHORT x2 = (tradeprice - close5) / pipsize //convert price to pips IF x2 >= TrailStart THEN //go ahead only if N+ pips Diff2 = abs(TrailStart – x2) Chunks2 = max(0,round((Diff2 / StepSize) + RoundTO)) ProfitPerCent = BasePerCent + (BasePerCent * (Chunks2 * PerCentInc)) ProfitPerCent = max(ProfitPerCent[1],min(100,ProfitPerCent)) y2 = max(x2 * ProfitPerCent, y2) //y = % of max profit ENDIF ENDIF IF y1 THEN //Place pending STOP order when y>0 SellPrice = Tradeprice + (y1 * pipsize) //convert pips to price IF abs(close5 – SellPrice) > PriceDistance THEN IF close5 >= SellPrice THEN SELL AT SellPrice STOP ELSE SELL AT SellPrice LIMIT ENDIF ELSE SELL AT Market ENDIF If not onmarket and m=1 THEN QUIT endif ENDIF IF y2 THEN //Place pending STOP order when y>0 ExitPrice = Tradeprice – (y2 * pipsize) //convert pips to price IF abs(close5 – ExitPrice) > PriceDistance THEN IF close5 <= ExitPrice THEN EXITSHORT AT ExitPrice STOP ELSE EXITSHORT AT ExitPrice LIMIT ENDIF ELSE EXITSHORT AT Market ENDIF If not onmarket and m=1 THEN quit endif ENDIF endif endif

   

  

  Philstrading

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  08/22/2024 at 9:59 PM #236623
  repropel

  I would like to make an indicator with different timeframes. To give an example: If I wanted to observe if the RSI is oversold in a time frame of 1 second, let me know with a signal in a time frame of 5 minutes, which is where I usually work. My goal is to be able to save time and not have to change time frames.
  This you think can be achieved. I’ve been thinking about it for a while but I can’t do it.

  Thank you.

  

  repropel

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  08/23/2024 at 9:11 AM #236629
  robertogozzi

  The support for multiple time frames implies that on a 1-second TF you can check conditions on a 5-minute TF, not the other way round.

  The TF on your chart must always be the smallest one. Of course you can have both the 1-second and 5-minute TF on your chart, but the indicator needs to be added to the 1-second TF.

   

  1 user thanked author for this post.

  repropel

  

  robertogozzi

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  08/23/2024 at 9:22 PM #236665
  repropel

  Thank you Roberto for your response.

  

  repropel

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  10/14/2024 at 1:17 PM #238975
  druby

   

  

  druby

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  10/16/2024 at 11:49 AM #239054
  ahmadfx

  is it possible to get hold of a value returned by a personal indicator  placed on a 3600 tick chart inside a 3 minute chart? This would be the difference between finding intraday trades 5 days a week and not finding one trade,  on time, in a week.

  

  ahmadfx

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  10/16/2024 at 3:15 PM #239079
  druby

  If your thinking of back-testing and automatic trading I think the answer is no.

  But if just as an indicator and manual trading, then very loosely Maybe.

  Arrays update on each tick, in a indicator, so you could count/accumulate the data.

  Storing it, and aligning to what was on the tick chart would be tricky but I think doable.

  However , when a chart is built, it appears to use OHLC  bar data until current bar where ticks available.

  Therefore you couldn’t gain access or look back for the ticks before current bar when chart opened.

  So either you would have to wait to accumulated enough tick data and/or open chart substantially earlier than you need.

  The automatic closing of  PRT would lose the tick data gathered on close/reboot.

  Also, if the chart window was re-calculated and updated, for any reason while open, the data would get lost.

  So though it maybe  possible, it would be a nightmare to use.

  The simple reason would be, you can not store user  data in the program which would be available the next time its run/opened.

  Now it maybe easier to build the 3min time frame on the 3600 tick chart.

  All 3min indicators would have to be converted.

  One limiting factor would be the number of bar needed in the chart to calculate the 3min indicators.

  Its hard to say yes with out knowing the full details of what your doing.

  Which ever way, it’s an out of the box, programming challenge.

  https://www.prorealcode.com/topic/show-5-minute-candlestick-in-1-minute-chart/

  

  druby

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  11/30/2024 at 7:20 AM #240929
  PaFM

  Good morning everyone. I ask for help please: I don’t know if I’m doing something wrong, but I used the multitimeframe mode to draw my indicator on the same graph, applying it to two different timeframes, but checking the result I noticed that the result does not coincide with the data of the indicator normally drawn on the single timeframe. In particular it seems that it’s wrong in drawing the double periods (for example the two-weekly tf on the weekly chart and so on …).
  How can I resolve this inconvenience? Do any of you know the problem? Am I the one making a mistake or is it a system bug?
  Thanks in advance

  

  PaFM

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  11/30/2024 at 8:43 AM #240931
  robertogozzi

  Make an example (code snippet) to test it.

   

  

  robertogozzi

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  12/01/2024 at 5:57 PM #240951
  PaFM

  Thanks for replying Roberto.

  For example on the 2 months TF my indicator value is 5527,76 while if I charge it on the monthly TF with indication at beginning of code TIMEFRAME (2 MONTHS) the value it returns is 5312,08

  The code is as follows (ignore colors and colorbetween I don’t use):

  timeframe (2 months, default) period = 13 deviation1 = 1 deviation2 = 2 deviation3 = 3 longupper= 30 longmiddle=20 longlower=10 shortlower=-30 shortmiddle=-20 shortupper=-10 rem up = 1 rem down = -1 rem begin = 1 // (i) indicators iSTD1 = deviation1 * STD[period](close) iSTD2 = deviation2 * STD[period](close) iSTD3 = deviation3 * STD[period](close) iSMA = Average[period,0](close) sma25 = Average[25,0](close) sma50 = Average[50,0](close) // (c) conditions cUpperBand3 = iSMA + iSTD3 // ----3---- cUpperBand2 = iSMA + iSTD2 // ----2---- cUpperBand1 = iSMA + iSTD1 // ----1---- cMiddleBand = iSMA // ----0---- cLowerBand1 = iSMA - iSTD1 // ----1---- cLowerBand2 = iSMA - iSTD2 // ----2---- cLowerBand3 = iSMA - iSTD3 // ----3---- // delay start if barindex < period then // hold off till enough bar present ts = Undefined // removes ts tangent line from 0 til real value available endif // logic operation // setup block --> When 'begin' = 0, executes next block. // Since 'trend' default = 0, being set to 1 or -1 will // allow the 'following' logic code blocks to be executed // Bollinger Logic ----------- // initial, set trend, trend only changed by iSTD1 if trend=0 and close crosses over cUpperband1 then trend = longupper elsif trend=0 and close crosses under cLowerBand1 then trend = shortlower endif // following from first time after trend set! // change of trend if trend = longupper and close crosses under cUpperBand1 then trend = longmiddle endif if trend=longmiddle then if close crosses under cMiddleBand then trend=longlower elsif close crosses over cUpperBand2 then trend=longupper else trend = longmiddle endif endif if trend=longlower then if close crosses under cLowerBand1 then trend=shortlower elsif close crosses over cUpperBand1 and close < cUpperBand2 then trend = longmiddle elsif close crosses over cUpperBand2 then trend=longupper else trend=longlower endif endif if trend=shortlower and Close crosses over cLowerBand1 then trend=shortmiddle endif if trend=shortmiddle then if close crosses over cMiddleBand then trend=shortupper elsif close crosses under cLowerBand2 then trend = shortlower else trend=shortmiddle endif endif if trend = shortupper then if close crosses over cUpperBand1 then trend=longupper elsif close crosses under cLowerBand1 and close > cLowerBand2 then trend=shortmiddle elsif close crosses under cLowerBand2 then trend=shortlower else trend = shortupper endif endif // set 'ts' values to appropriate band threshold level if trend = longupper or trend = shortupper then ts = cUpperBand1 elsif trend = longmiddle or trend = shortmiddle then ts = cMiddleBand elsif trend = longlower or trend = shortlower then ts = cLowerBand1 endif // color settings if trend = longupper or trend = longmiddle or trend = longlower then r = 0 g = 255 // set all colorbetween's green a1 = 20 // on upperband 3 a2 = 15 // on upperband 2 a3 = 10 // on upperband 1 a4 = 5 // on lowerband 1 a5 = 15 // off lowerBand 2 a6 = 20 // off lowerBand 3 elsif trend = shortupper or trend=shortmiddle or trend=shortlower then r = 255 // set all colorbetween's red g = 0 a1 = 20 // off upperband 3 a2 = 15 // off upperband 2 a3 = 5 // on upperBand 1 a4 = 10 // on lowerBand 1 a5 = 15 // on lowerBand 2 a6 = 20 // on lowerBand 3 endif //////////// if close >= cMiddleBand then r0=0 g0=255 elsif close < cMiddleBand then r0=255 g0=0 endif if close >= cUpperBand1 then r11 =0 g11=255 elsif close < cUpperBand1 then r11 =255 g11=0 endif if close >= cUpperBand2 then r21 =0 g21=255 elsif close < cUpperBand2 then r21 =255 g21=0 endif if close >= cUpperBand3 then r51 =0 g51=255 elsif close < cUpperBand3 then r51 =255 g51=0 endif if close <= cLowerBand1 then r31=255 g31=0 elsif close > cLowerBand1 then r31 =0 g31=255 endif if close <= cLowerBand2 then r41=255 g41=0 elsif close > cLowerBand2 then r41 =0 g41=255 endif if close <= cLowerBand3 then r61 =255 g61 =0 elsif close > cLowerBand3 then r61 =0 g61 =255 endif IF cMiddleBand < sma25 then r71=255 g71=0 elsif cMiddleBand >= sma25 then r71=0 g71=255 endif IF sma25 < sma50 then r81=255 g81=0 elsif sma25 >= sma50 then r81=0 g81=255 endif //colorbetween(cUpperBand2,cUpperBand3, 0,255,0,a1) // upperBand3 green - trend up //colorbetween(cUpperBand1,cUpperBand2, 0,255,0,a2) // upperBand2 green - trend up //colorbetween(cMiddleBand,cUpperBand1, r,g,0,a3) // upperBand1 green/red - trend up/down //colorbetween(cMiddleBand,cLowerBand1, r,g,0,a4) // lowerBand1 green/red - trend up/down //colorbetween(cLowerBand1,cLowerBand2, 255,0,0,a5) // lowerBand2 red - trend down //colorbetween(cLowerBand2,cLowerBand3, 255,0,0,a6) // lowerBand3 red - trend down REM colorbetween (cMiddleBand,sma25, r71,g71,0,15) REM colorbetween (sma25,sma50, r81,g81,0,10) return ts coloured(r,g,0) style(line,1) as "BTrend 2 months" ,cMiddleBand coloured (r0,g0,0) style (dottedline,1) as "SMA (13)", sma25 coloured (255,255,0) style (dottedline,1) as "SMA (25)", sma50 coloured (255,102,255) style (dottedline,1) as "SMA (50)" rem , cUpperBand1 coloured (r11 ,g11 ,0) style (DOTTEDLINE4 ,1) as "Upper1", cUpperBand2 coloured (r21 ,g21 ,0) style (DOTTEDLINE4 ,1) as "Upper2", cUpperBand3 coloured (r51 ,g51 ,0) style (DOTTEDLINE4 ,1) as "Upper3", cLowerBand1 coloured (r31 ,g31 ,0) style (DOTTEDLINE4 ,1) as "Lower1", cLowerBand2 coloured (r41 ,g41 ,0) style (DOTTEDLINE4 ,1) as "Lower2", cLowerBand3 coloured (r61 ,g61 ,0) style (DOTTEDLINE4 ,1) as "Lower3"

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  timeframe (2 months, default) period = 13 deviation1 = 1 deviation2 = 2 deviation3 = 3 longupper= 30 longmiddle=20 longlower=10 shortlower=-30 shortmiddle=-20 shortupper=-10 rem up = 1 rem down = -1 rem begin = 1         // (i) indicators iSTD1 = deviation1 * STD[period](close) iSTD2 = deviation2 * STD[period](close) iSTD3 = deviation3 * STD[period](close) iSMA = Average[period,0](close) sma25 = Average[25,0](close) sma50 = Average[50,0](close)   // (c) conditions cUpperBand3  = iSMA + iSTD3  //          ----3---- cUpperBand2  = iSMA + iSTD2  //       ----2---- cUpperBand1  = iSMA + iSTD1  //    ----1---- cMiddleBand  = iSMA          // ----0---- cLowerBand1  = iSMA - iSTD1  //    ----1---- cLowerBand2  = iSMA - iSTD2  //       ----2---- cLowerBand3  = iSMA - iSTD3  //          ----3----   // delay start if barindex < period then  // hold off till enough bar present ts = Undefined   // removes ts tangent line from 0 til real value available endif   // logic operation // setup block --> When 'begin' = 0,  executes next block. //                  Since 'trend' default = 0, being set to 1 or -1 will //                  allow the 'following' logic code blocks to be executed // Bollinger Logic ----------- // initial, set trend, trend only changed by iSTD1   if trend=0 and close crosses over cUpperband1 then trend = longupper elsif trend=0 and close crosses under cLowerBand1 then trend = shortlower endif   // following from first time after trend set! // change of trend   if trend = longupper and close crosses under cUpperBand1 then trend = longmiddle endif       if trend=longmiddle then if close crosses under cMiddleBand then trend=longlower elsif close crosses over cUpperBand2 then trend=longupper else trend = longmiddle endif endif   if trend=longlower then if close crosses under cLowerBand1 then trend=shortlower elsif close crosses over cUpperBand1 and close < cUpperBand2 then trend = longmiddle elsif close crosses over cUpperBand2 then trend=longupper else trend=longlower endif endif   if trend=shortlower and Close crosses over cLowerBand1 then trend=shortmiddle endif   if trend=shortmiddle then if close crosses over cMiddleBand then trend=shortupper elsif close crosses under cLowerBand2 then trend = shortlower else trend=shortmiddle endif endif   if trend = shortupper then if close crosses over cUpperBand1 then trend=longupper elsif close crosses under cLowerBand1 and close > cLowerBand2 then trend=shortmiddle elsif close crosses under cLowerBand2 then trend=shortlower else trend = shortupper endif endif     // set 'ts' values to appropriate band threshold level   if trend = longupper or trend = shortupper then ts = cUpperBand1 elsif trend = longmiddle or trend = shortmiddle then ts = cMiddleBand elsif trend = longlower or trend = shortlower then ts = cLowerBand1 endif     // color settings     if trend = longupper or trend = longmiddle or trend = longlower then r = 0 g = 255  // set all colorbetween's green   a1 = 20  // on   upperband 3 a2 = 15  // on   upperband 2 a3 = 10  // on   upperband 1 a4 = 5  // on   lowerband 1   a5 = 15   // off  lowerBand 2 a6 = 20  // off  lowerBand 3   elsif trend = shortupper or trend=shortmiddle or trend=shortlower then r = 255  // set all colorbetween's red g = 0   a1 = 20   // off   upperband 3 a2 = 15   // off   upperband 2   a3 = 5  // on  upperBand 1 a4 = 10 // on  lowerBand 1 a5 = 15  // on  lowerBand 2 a6 = 20  // on  lowerBand 3 endif   ////////////     if close >= cMiddleBand then r0=0 g0=255   elsif close < cMiddleBand then r0=255 g0=0   endif       if close >= cUpperBand1  then r11 =0 g11=255   elsif close < cUpperBand1  then r11 =255 g11=0 endif       if close >= cUpperBand2  then r21  =0 g21=255   elsif close < cUpperBand2  then r21 =255 g21=0   endif       if close >= cUpperBand3 then r51 =0 g51=255   elsif close < cUpperBand3   then r51 =255 g51=0   endif           if close <= cLowerBand1  then r31=255 g31=0   elsif close > cLowerBand1  then r31 =0 g31=255   endif       if close <= cLowerBand2   then r41=255 g41=0   elsif close > cLowerBand2  then r41 =0 g41=255 endif         if close <= cLowerBand3    then r61 =255 g61 =0   elsif close > cLowerBand3   then r61  =0 g61 =255 endif       IF cMiddleBand < sma25 then   r71=255 g71=0   elsif cMiddleBand >= sma25 then   r71=0 g71=255   endif   IF sma25 < sma50 then   r81=255 g81=0   elsif sma25 >= sma50 then   r81=0 g81=255   endif       //colorbetween(cUpperBand2,cUpperBand3, 0,255,0,a1)  // upperBand3 green - trend up //colorbetween(cUpperBand1,cUpperBand2, 0,255,0,a2)  // upperBand2 green - trend up //colorbetween(cMiddleBand,cUpperBand1, r,g,0,a3)  // upperBand1 green/red - trend up/down //colorbetween(cMiddleBand,cLowerBand1, r,g,0,a4)  // lowerBand1 green/red - trend up/down //colorbetween(cLowerBand1,cLowerBand2, 255,0,0,a5)  // lowerBand2 red - trend down //colorbetween(cLowerBand2,cLowerBand3, 255,0,0,a6)  // lowerBand3 red - trend down     REM colorbetween (cMiddleBand,sma25, r71,g71,0,15)   REM colorbetween (sma25,sma50, r81,g81,0,10)     return ts coloured(r,g,0) style(line,1) as "BTrend 2 months" ,cMiddleBand coloured (r0,g0,0) style (dottedline,1) as "SMA (13)", sma25 coloured (255,255,0) style (dottedline,1) as "SMA (25)", sma50 coloured (255,102,255) style (dottedline,1) as "SMA (50)" rem , cUpperBand1 coloured (r11 ,g11  ,0) style (DOTTEDLINE4 ,1) as "Upper1", cUpperBand2  coloured (r21   ,g21  ,0) style (DOTTEDLINE4  ,1) as "Upper2", cUpperBand3   coloured (r51    ,g51   ,0) style (DOTTEDLINE4  ,1) as "Upper3", cLowerBand1 coloured (r31  ,g31   ,0) style (DOTTEDLINE4 ,1) as "Lower1", cLowerBand2  coloured (r41   ,g41   ,0) style (DOTTEDLINE4    ,1) as "Lower2", cLowerBand3   coloured (r61    ,g61    ,0) style (DOTTEDLINE4    ,1) as "Lower3"

  

  PaFM

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  12/02/2024 at 2:56 AM #240959
  PaFM

  I tested it on intraday TF and seems to work well …

  I meant on s&p500 INDEX when I wrote … “For example on the 2 months TF my indicator value is 5527,76 while if I charge it on the monthly TF with indication at beginning of code TIMEFRAME (2 MONTHS) the value it returns is 5312,08” …

  

  PaFM

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