Multiple Timeframes in an indicator

• 03/31/2025 at 11:24 PM #245472
  SkySurferBlue

  Hi

  Is it possible to have a higher timeframe moving average like the 4hr which then determines the value of a variable “Startime”

  Then use “Startime” in your lower timeframe like 5min.

  It gives me a parsing error when I then call the indicator function into my trading strategy.

  Timeframe(4hour,updateonclose)
  If Close<exponentialaverage[20]*0.985 Then
  Startime=090000
  else
  Startime=101500
  endif

  Timeframe(Default,updateonclose)
  If Time > Startime and Time < 133000 Then
  If Openhour > 9 and Close/Close[190]-1 > 1.25/100 Then
  TradeLong=0
  else
  TradeLong=1
  Endif
  If Openhour > 9 and Close/Close[190]-1 < -0.9/100 Then
  TradeShort=0
  else
  TradeShort=1
  Endif
  Endif

  

  SkySurferBlue

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  04/01/2025 at 12:08 AM #245474
  druby

  If the ‘call’ed indicator has the timeframe command in it, I think that causes the parse error.

  Its best to write the code directly in the strategy file, this avoids the longer execution times with the calling process.

  However, it can  work  if the TIMEFRAME command is in the strategy file and the call is from the timeframe block, but it will be longer to execute.

  Also the indicator file has to be suitably set up as a general indicator which works with any timeframe its put on.

  Keeping the execution time down , helps when back-testing.

  2 users thanked author for this post.

  robertogozzi, ivanPrt

  

  druby

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