Multi timeframe – MTF indicators for ProRealTime

Nicolas · Wed, 27 May 2020 09:34:34 +0000

Happy news for a large number of traders and programmers! The long-awaited support for using indicators from other timeframes in the same indicator (aka MTF indicators) will finally be available soon in programming (in a future update to ProRealTime version 11). I am currently testing different combinations to study all that is possible and so far everything works as well as what we could have with MTF for automatic trading strategies via ProOrder / ProBacktest . The programming method remains the same as that already used for ProScreener or ProOrder. That is to say that we declare our TIMEFRAME, then we code below in an ordinary way. So you can combine as much timeframe as you want and do everything you’ve dreamed of so far (for those who dream of programming of course 😆 ) Simple example: timeframe(1 hour,updateonclose) up = BollingerUp[20](close) dn = BollingerDown[20](close) timeframe(15 minutes) tenkan = TenkanSen[9,26,52] return up,dn, tenkan coloured(0,150,200) style(line,2) In this simple example, we apply a 1-hour Bollinger Bands (updated once at each 1-hour bar close) and a 15-minutes TenkanSen (update once at each current timeframe bar closure). — As you can see, this leaves a lot of room for the imagination to program a lot of new things! Combined with the arrays, we can now say that a certain number of limits have been overcome with regard to programming under ProRealTime! I do not know yet when this functionality will be available to the public, but I will try to keep you informed. In the meantime if you have any questions or questions, I will try to answer them as soon as possible. I will probably post other more or less complex examples over time! 😉

This topic has 145 replies, 48 voices, and was last updated 1 month ago by druby.

Tagged: mtf, mtf indicators

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05/30/2023 at 5:56 PM #215448

Marpat

Could someone help me with the following. I’ve created an indicator with a default timeframe and the monthly timeframe. The code seems to be good but when i want to apply it I get this message, see attachment below. When I look on the daily timeframe or the weekly it doesn’t matter, same message.

Thank you in advance.

Marpat

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05/30/2023 at 6:59 PM #215452

PeterSt

Hi Marpat,

Further explanation would not help, as the message is overly clear (as long as you can read Dutch 😉 ).

The suggestion would now be to show your code, including a screenshot of the timeframe used on your chart. But hint in advance : the timeframe of a week would not fit in the timeframe of one month. So don’t make the mistake that this is so.
The timeframes must really be dividable. Like 4 hours and 1 hour.

Regards,
Peter

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druby

PeterSt

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05/31/2023 at 1:28 AM #215467

druby

Hello, further to PeterST comments…

Because the timeframe used in the Timeframe instruction needs to be a multiple of the Default timeframe.

Try replacing the ‘1month’ with ‘4weeks’.

I think that because a Month can be a different number of days, a default of ‘1day’ should work.

However, ‘1week’ doesn’t divide into all the months.

Regards

druby

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05/31/2023 at 4:28 AM #215483

PeterSt

druby wrote:

I think that because a Month can be a different number of days, a default of ‘1day’ should work.

I did not try it, but I don’t think that will work. In this case because you still can’t say that any month always exists of an equal amount of working (trading) days. Besides we have the one month comprising of 30 days, the other of 31, then 28 or 29 …

We must think more in “math” terms. You must be able to have a paper with all the boundaries of the faster timeframe and overlay that with a transparent with the slower timeframe boundaries. Now the lines of the latter should exactly lay over the lines of the faster timeframe.

PeterSt

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05/31/2023 at 8:37 AM #215484

Nicolas

druby wrote:

Try replacing the ‘1month’ with ‘4weeks’.

This should work, please try this workaround.

Nicolas

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05/31/2023 at 10:43 AM #215490

pableitor

PeterSt wrote:

druby wrote:

I think that because a Month can be a different number of days, a default of ‘1day’ should work.

I did not try it, but I don’t think that will work. In this case because you still can’t say that any month always exists of an equal amount of working (trading) days. Besides we have the one month comprising of 30 days, the other of 31, then 28 or 29 …

I just tried this code on a daily chart:

timeframe(1 month,updateonclose)
x = close
timeframe(default)
return x

timeframe(1 month,updateonclose)

x = close

timeframe(default)

return x

it seems a 1 month indicator works fine on daily charts.

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PeterSt

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07/07/2023 at 4:38 PM #217417

blindax

hi, I’m trying to display multiple segment based on différent timeframe. Here is the code :

timeframe (1h,UPDATEONCLOSE)
SThour=Supertrend[m,p]
timeframe (4h,UPDATEONCLOSE)
ST4h=Supertrend[m,p]
timeframe (daily,UPDATEONCLOSE)
STday=Supertrend[m,p]
timeframe (weekly,UPDATEONCLOSE)
STweek=Supertrend[m,p]
timeframe(15mn,UPDATEONCLOSE)
st = Supertrend[m,p]
 
drawsegment(barindex[longueur]+3,sthour,barindex[2]+3,sthour) coloured(r1h,v1h,b1h)style(Line,2)
drawtext(“ST 1h”,barindex+3,sthour) coloured(r1h,v1h,b1h)
drawsegment(barindex[longueur]+3,st4h,barindex[2]+3,st4h) coloured(r4h,v4h,b4h)style(Line,2)
drawtext(“ST 4h”,barindex+3,st4h) coloured(r4h,v4h,b4h)
drawsegment(barindex[longueur]+3,stday,barindex[2]+3,stday) coloured(r1d,v1d,b1d)style(Line,2)
drawtext(“ST 1j”,barindex+3,stday) coloured(r1d,v1d,b1d)
drawsegment(barindex[longueur]+3,stweek,barindex[2]+3,stweek) coloured(r1w,v1w,b1w)style(Line,2)
drawtext(“ST 1w”,barindex+3,stweek) coloured(r1w,v1w,b1w)

timeframe (1h,UPDATEONCLOSE)

SThour=Supertrend[m,p]

timeframe (4h,UPDATEONCLOSE)

ST4h=Supertrend[m,p]

timeframe (daily,UPDATEONCLOSE)

STday=Supertrend[m,p]

timeframe (weekly,UPDATEONCLOSE)

STweek=Supertrend[m,p]

timeframe(15mn,UPDATEONCLOSE)

st = Supertrend[m,p]

drawsegment(barindex[longueur]+3,sthour,barindex[2]+3,sthour) coloured(r1h,v1h,b1h)style(Line,2)

drawtext(“ST 1h”,barindex+3,sthour) coloured(r1h,v1h,b1h)

drawsegment(barindex[longueur]+3,st4h,barindex[2]+3,st4h) coloured(r4h,v4h,b4h)style(Line,2)

drawtext(“ST 4h”,barindex+3,st4h) coloured(r4h,v4h,b4h)

drawsegment(barindex[longueur]+3,stday,barindex[2]+3,stday) coloured(r1d,v1d,b1d)style(Line,2)

drawtext(“ST 1j”,barindex+3,stday) coloured(r1d,v1d,b1d)

drawsegment(barindex[longueur]+3,stweek,barindex[2]+3,stweek) coloured(r1w,v1w,b1w)style(Line,2)

drawtext(“ST 1w”,barindex+3,stweek) coloured(r1w,v1w,b1w)

It works perfectly for “ST 1h” and “ST 4H” but nothing displays for “ST 1J” and “ST 1W”, any idea of the pb ?

blindax

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07/08/2023 at 9:31 AM #217438

robertogozzi

Try increasing the number of units.

If you are using a 15-minute TF, there are:

4 units (bars) in one hour
16 units in 4 hours
96 units in a day
480 units in a week (even slightly more if an instrument also trades on Sundays)

So, if you use an indicator with, say, 10 periods, you will have to multiply the highest of the above numbers (480) by at least 10, etc…

robertogozzi

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09/01/2023 at 2:11 PM #220186

LaMaille

Can we use timeframe instruction after IF / Then ?

If we want to test what is the default timeframe before deciding which other timeframe to apply for example…

LaMaille

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09/01/2023 at 4:04 PM #220191

robertogozzi

No, you can’t. It’s not allowed, as it’s not allowed to use a variable for the number of hours, days, minutes, etc…

robertogozzi

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09/01/2023 at 5:58 PM #220194

LaMaille

This is very sad…

Thanks for the reply

LaMaille

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02/22/2024 at 9:28 AM #228541

gustavobp

Hey everyone! Thanks for share!

i have any ask about this code for Multiframe support.

Can i use this same code multiframe for apply in Strategies automated , too? Or is it only for apply in any indicators?

If is not, Can yoy share me any code example for apply in 2 diffrenets multiframe in any strategies (notr indicators), please?

Thanks you!

gustavobp

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02/22/2024 at 9:38 AM #228545

robertogozzi

The Multi Time Frame support is available both in strategies and indicators.

You can search this forum for its acronym MTF to retrieve many links to examples and snippets that will help you delve into MTF coding.

robertogozzi

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03/13/2024 at 4:07 PM #229706

nevtek

Hi all,

Since today I encounter some problems with a MTF indicator. It worked before.
On a 5min chart, I want to use the Daily timeframe.

Pseudo code

TIMEFRAME(daily)
b = open[1]

TIMEFRAME(5 minutes)
ret = (close + b) / 2

return ret

TIMEFRAME(daily)

b = open[1]

TIMEFRAME(5 minutes)

ret = (close + b) / 2

return ret

I shows my ‘ret’ line for a second, and then says ‘Calculation error’. I am using RTH as trading hours (ETH never worked).
ProScreener works fine. Using hours instead of daily works. So the problem is really this ‘daily’ timeframe.

Does somebody else encounter the same problems? Do I have to code this differently? For example using ’24 hours’?

Thanks!

nevtek

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03/13/2024 at 4:48 PM #229707

Jerome888

perhaps not enough history/units are loaded on your 5 min charts ?

Jerome888

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