Using different indicators on different time frames?

• 05/07/2023 at 8:29 AM #214247
  aldtrading

  Hello, I am playing with Nicola’s Buy Sell Magical Trend Indicator on 1 minute chart and was trying to use a certain configuration on m1 and a different one on m5 as follows in this simplified version :

  SBMT1 = CALL "PRC_BuySell Magical Trend"[8, 2.5](close) SBMT5 = CALL "PRC_BuySell Magical Trend"[5, 2](close) TimeFrame(1 minutes, UpdateOnClose) IF close CROSSES OVER SBMT1 THEN sbmt1Direction = 1 ENDIF IF close CROSSES UNDER SBMT1 THEN sbmt1Direction = -1 ENDIF TimeFrame(5 minutes, UpdateOnClose) IF close CROSSES OVER SBMT5 THEN sbmt5Direction = 1 ENDIF IF close CROSSES UNDER SBMT5 THEN sbmt5Direction = -1 ENDIF

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  SBMT1 = CALL "PRC_BuySell Magical Trend"[8, 2.5](close) SBMT5 = CALL "PRC_BuySell Magical Trend"[5, 2](close)   TimeFrame(1 minutes, UpdateOnClose) IF close CROSSES OVER SBMT1 THEN   sbmt1Direction = 1 ENDIF   IF close CROSSES UNDER SBMT1 THEN   sbmt1Direction = -1 ENDIF   TimeFrame(5 minutes, UpdateOnClose) IF close CROSSES OVER SBMT5 THEN   sbmt5Direction = 1 ENDIF   IF close CROSSES UNDER SBMT5 THEN   sbmt5Direction = -1 ENDIF

   

  I also tried to do it this way :

  TimeFrame(1 minutes, UpdateOnClose) SBMT1 = CALL "PRC_BuySell Magical Trend"[8, 2.5](close) IF close CROSSES OVER SBMT1 THEN sbmt1Direction = 1 ENDIF IF close CROSSES UNDER SBMT1 THEN sbmt1Direction = -1 ENDIF TimeFrame(5 minutes, UpdateOnClose) SBMT5 = CALL "PRC_BuySell Magical Trend"[5, 2](close) IF close CROSSES OVER SBMT5 THEN sbmt5Direction = 1 ENDIF IF close CROSSES UNDER SBMT5 THEN sbmt5Direction = -1 ENDIF

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  TimeFrame(1 minutes, UpdateOnClose) SBMT1 = CALL "PRC_BuySell Magical Trend"[8, 2.5](close)   IF close CROSSES OVER SBMT1 THEN   sbmt1Direction = 1 ENDIF   IF close CROSSES UNDER SBMT1 THEN   sbmt1Direction = -1 ENDIF   TimeFrame(5 minutes, UpdateOnClose) SBMT5 = CALL "PRC_BuySell Magical Trend"[5, 2](close)   IF close CROSSES OVER SBMT5 THEN   sbmt5Direction = 1 ENDIF   IF close CROSSES UNDER SBMT5 THEN   sbmt5Direction = -1 ENDIF

  but it looks like both of the configurations are playing on the 1 minute chart only, so : is this possible to use indicators on multiple timeframes ?

  Thanks

  

  aldtrading

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  05/07/2023 at 9:04 AM #214248
  GraHal

  Does this help to see what and how it is working working?

  TimeFrame(5 minutes, UpdateOnClose) SBMT5 = CALL "PRC_BuySell Magical Trend"[5, 2](close) IF close CROSSES OVER SBMT5 THEN sbmt5Direction = 1 ENDIF IF close CROSSES UNDER SBMT5 THEN sbmt5Direction = -1 ENDIF TimeFrame(1 minutes, UpdateOnClose) SBMT1 = CALL "PRC_BuySell Magical Trend"[8, 2.5](close) IF close CROSSES OVER SBMT1 THEN sbmt1Direction = 1 ENDIF IF close CROSSES UNDER SBMT1 THEN sbmt1Direction = -1 ENDIF C1 = sbmt5Direction = 1 AND sbmt1Direction = 1 C2 = sbmt5Direction = -1 AND sbmt1Direction = -1 GRAPH C1 //GRAPH C2 //GRAPH sbmt5Direction = 1 //sbmt1Direction = 1 //GRAPH sbmt5Direction = -1 //GRAPH sbmt1Direction = -1

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  TimeFrame(5 minutes, UpdateOnClose) SBMT5 = CALL "PRC_BuySell Magical Trend"[5, 2](close) IF close CROSSES OVER SBMT5 THEN   sbmt5Direction = 1 ENDIF IF close CROSSES UNDER SBMT5 THEN   sbmt5Direction = -1 ENDIF   TimeFrame(1 minutes, UpdateOnClose) SBMT1 = CALL "PRC_BuySell Magical Trend"[8, 2.5](close) IF close CROSSES OVER SBMT1 THEN   sbmt1Direction = 1 ENDIF IF close CROSSES UNDER SBMT1 THEN   sbmt1Direction = -1 ENDIF   C1 = sbmt5Direction = 1 AND sbmt1Direction = 1 C2 =  sbmt5Direction = -1 AND sbmt1Direction = -1   GRAPH C1 //GRAPH C2 //GRAPH sbmt5Direction = 1 //sbmt1Direction = 1 //GRAPH sbmt5Direction = -1 //GRAPH sbmt1Direction = -1

   

  

  GraHal

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  05/07/2023 at 9:32 AM #214250
  aldtrading

  Sure it’s a good way to know directly if the conditions are met or not, though I did a backtest on a m1 chart and kept the m5 chart and the opened positions on the m1 chart weren’t opened at the right position considering the m5 chart.

  It looked like the m5 indicator was in fact playing on the m1 chart, so that’s why I’m wondering if it is possible to use an indicator on a different time frame than the one the ProBackTest/ProOrder system is anchored on. Maybe I just did a mistake, it will not be the first time 🙂

  

  aldtrading

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  05/07/2023 at 9:35 AM #214251
  GraHal

  aldtrading wrote:

  t looked like the m5 indicator was in fact playing on the m1 chart,

  In the sense that every 5 bars on the 1 min Chart the 5 min indicator will update??

  Using the GRAPH function will reveal all?

  1 user thanked author for this post.

  aldtrading

  

  GraHal

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  05/07/2023 at 10:12 AM #214253
  aldtrading

  Thanks indeed after some tests GRAPH seems to be updated every 5 bars so apparently it works as intended.

  I might have been confused by the fact that the following always return 0 on a m1 chart :

  TimeFrame(5 minutes, UpdateOnClose) SBMT5 = CALL "PRC_BuySell Magical Trend"[5, 2](close) Graph SBMT5

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  TimeFrame(5 minutes, UpdateOnClose) SBMT5 = CALL "PRC_BuySell Magical Trend"[5, 2](close) Graph SBMT5

  While it doesn’t when anchored on the actual m5 chart.. Idk

  

  aldtrading

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