MTF_4TF_HAS_Bar2M

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Author: Copyright � 2006, Eli hayun
MTF_4TF_HAS_Bar2M

This script is a multi-timeframe technical analysis tool designed to provide a visual overview of market trends across four different time horizons simultaneously. Rather than forcing a trader to switch back and forth between different charts, it aggregates data from multiple periods into a single, easy-to-read display on your current screen.

Core Functionality

The primary logic of the script involves "sampling" data from four specific higher or lower timeframes relative to the chart you are currently viewing. Depending on the timeframe you have open (e.g., 15 minutes, 1 hour, or daily), the script automatically identifies a logical sequence of four periods to monitor.

For example, if you are viewing a 30-minute chart, the tool will look at data for the 30-minute, 60-minute, 4-hour, and 24-hour periods (among others depending on your settings) to give you a "big picture" view of where the price is heading.

Data Processing Logic

To determine the trend for each of these four timeframes, the script uses a specific type of candlestick analysis called Heiken Ashi Smoothed.

  1. Trend Identification: For every timeframe being tracked, the script compares two internal values: the "Open" and the "Close" prices of the Heiken Ashi calculation.

    • If the closing price is higher than the opening price, it identifies a Bullish (Upward) trend.
    • If the closing price is lower than the opening price, it identifies a Bearish (Downward) trend.

  2. Visual Mapping: Instead of plotting complex lines or candles, the script converts these trends into simple visual markers (arrows) placed in a separate window at the bottom of your chart.

    • It creates four distinct "levels" or rows on the display.
    • Each row represents one of the timeframes being monitored.
    • The labels for these levels are automatically generated so you can easily see which row corresponds to which timeframe (e.g., "M15", "H1", "H4").

User Experience

The script is designed for clarity and efficiency:

  • Dynamic Labeling: It automatically updates the text labels based on your current chart view, ensuring the data remains relevant as you navigate.
  • Visual Separation: It uses a "Gap" logic to ensure that the four different timeframes are stacked vertically and do not overlap, making it easy to distinguish between short-term momentum and long-term trends at a single glance.
  • Automated Refreshing: The script constantly monitors for new price movements and updates the visual markers in real-time, ensuring your "dashboard" of trends is always current.

In summary, this tool acts as a multi-horizon dashboard, allowing you to see if the short-term momentum aligns with the long-term trend without ever leaving your primary chart.

Miscellaneous
Implements a curve of type %1
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MTF_4TF_HAS_Bar2M 
//+------------------------------------------------------------------+
//|                                             MTF_4TF_HAS_Bar2M.mq4 |
//|                           Add-on to be used with 4TF HAS Bar.mq4 |
//|                  Modified by Matsu, from #MTF Supertrend Bar.mq4 |
//|   M:Up/Dn TF[0/TF+4]     (inc.order top to bottom)            ik                                   Copyright © 2006, Eli hayun |
//|                                          http://www.elihayun.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Eli hayun"
#property link      "http://www.elihayun.com"

#property indicator_separate_window
#property indicator_minimum 0
#property indicator_maximum 5
#property indicator_buffers 8
#property indicator_color1 Red
#property indicator_color2 Lime
#property indicator_color3 Red
#property indicator_color4 Lime
#property indicator_color5 Red
#property indicator_color6 Lime
#property indicator_color7 Red
#property indicator_color8 Lime

//---- parameters
extern int MaMetod  = 2;
extern int MaPeriod = 6;
extern int MaMetod2  = 3;
extern int MaPeriod2 = 2;
extern int BarWidth = 0;//3;
extern color UpBarColor = Lime;
extern color DownBarColor = Red;
extern color TextColor = White;

double Gap = 1; // Gap between the lines of bars
//---- buffers
double buf4_up[];
double buf4_down[];
double buf3_up[];
double buf3_down[];
double buf2_up[];
double buf2_down[];
double buf1_up[];
double buf1_down[];
double haOpen;
double haClose;


/*
extern int Period_1 = 15;
extern int Period_2 = 30;
extern int Period_3 = 60;
extern int Period_4 = 240;

extern bool AutoDisplay      = false;
*/
string shortname = "";
bool firstTime = true;

int ArrSize = 110;//112;//168;//158;//159;
int UniqueNum = 228;

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
  
  
   //SetAutoDisplay();
   
  
   
   firstTime = true;
   
   //IndicatorShortName(shortname);
//---- indicators
   SetIndexStyle(0,DRAW_ARROW,0,BarWidth,UpBarColor);
   SetIndexArrow(0,ArrSize);
   SetIndexBuffer(0,buf1_up);
   SetIndexEmptyValue(0,0.0);
   SetIndexStyle(1,DRAW_ARROW,0,BarWidth,DownBarColor);
   SetIndexArrow(1,ArrSize);
   SetIndexBuffer(1,buf1_down);
   SetIndexEmptyValue(1,0.0);
   SetIndexStyle(2,DRAW_ARROW,0,BarWidth,UpBarColor);
   SetIndexArrow(2,ArrSize);
   SetIndexBuffer(2,buf2_up);
   SetIndexEmptyValue(2,0.0);
   SetIndexStyle(3,DRAW_ARROW,0,BarWidth,DownBarColor);
   SetIndexArrow(3,ArrSize);
   SetIndexBuffer(3,buf2_down);
   SetIndexEmptyValue(3,0.0);
   SetIndexStyle(4,DRAW_ARROW,0,BarWidth,UpBarColor);
   SetIndexArrow(4,ArrSize);
   SetIndexBuffer(4,buf3_up);
   SetIndexEmptyValue(4,0.0);
   SetIndexStyle(5,DRAW_ARROW,0,BarWidth,DownBarColor);
   SetIndexArrow(5,ArrSize);
   SetIndexBuffer(5,buf3_down);
   SetIndexEmptyValue(5,0.0);
   SetIndexStyle(6,DRAW_ARROW,0,BarWidth,UpBarColor);
   SetIndexArrow(6,ArrSize);
   SetIndexBuffer(6,buf4_up);
   SetIndexEmptyValue(6,0.0);
   SetIndexStyle(7,DRAW_ARROW,0,BarWidth,DownBarColor);
   SetIndexArrow(7,ArrSize);
   SetIndexBuffer(7,buf4_down);
   SetIndexEmptyValue(7,0.0);
   //
 //
   IndicatorDigits(0);
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//----
   //SetAutoDisplay();
   
//   shortname = "# Forex Freedom("+Period_1+","+Period_2+","+Period_3+","+Period_4+")";
   firstTime = true;
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   int    counted_bars=IndicatorCounted();
   int i=0, y15m=0, y4h=0, y1h=0, y30m=0, yy;
   int limit=Bars-counted_bars;
   
   int Period_1, Period_2, Period_3, Period_4;
   switch(Period()) 
      {
         case 1: 
            Period_1=1; Period_2=5; Period_3=15; Period_4=30;
            break;
         case 5: 
            Period_1=5; Period_2=15; Period_3=30; Period_4=60;
            break;
         case 15: 
            Period_1=15; Period_2=30; Period_3=60; Period_4=240;
            break;
         case 30: 
            Period_1=30; Period_2=60; Period_3=240; Period_4=1440;
            break;
         case 60: 
            Period_1=60; Period_2=240; Period_3=1440; Period_4=10080;
            break;
         case 240: 
            Period_1=240; Period_2=1440; Period_3=10080; Period_4=43200;
            break;
         case 1440: 
            Period_1=1440; Period_2=10080; Period_3=43200; Period_4=43200;
            break;
         case 10080: 
            Period_1=10080; Period_2=43200; Period_3=43200; Period_4=43200;
            break;
         case 43200: 
            Period_1=43200; Period_2=43200; Period_3=43200; Period_4=43200;
            break;
         
      }
      
      
   shortname = "MTF_4TF_HAS_Bar2M("+Period_1+","+Period_2+","+Period_3+","+Period_4+")";
   IndicatorShortName(shortname);


   SetIndexLabel(0,"MTF_HAS,"+Period_4+"");
   SetIndexLabel(1,"MTF_HAS,"+Period_4+"");
   SetIndexLabel(2,"MTF_HAS,"+Period_3+"");
   SetIndexLabel(3,"MTF_HAS,"+Period_3+"");
   SetIndexLabel(4,"MTF_HAS,"+Period_2+"");
   SetIndexLabel(5,"MTF_HAS,"+Period_2+"");
   SetIndexLabel(6,"MTF_HAS,"+Period_1+"");
   SetIndexLabel(7,"MTF_HAS,"+Period_1+"");




   datetime TimeArray_4H[], TimeArray_1H[], TimeArray_30M[], TimeArray_15M[];
//----

   
   
   if (firstTime || NewBar())
   {
      firstTime = false;
      int win = UniqueNum; // WindowFind(shortname);
      double dif = Time[0] - Time[1];
      for (int ii=ObjectsTotal()-1; ii>-1; ii--)
      {
         if (StringFind(ObjectName(ii),"FF_"+win+"_") >= 0)
            ObjectDelete(ObjectName(ii));
         else 
            ii=-1;
      }
      
      double shift = 0.2;
      for (ii=0; ii<4; ii++)
      {  
         string txt = "??";
         double gp;
         switch (ii)
         {
            case 0: txt = tf2txt(Period_4);  gp = 1 + shift;         
break;
            case 1: txt = tf2txt(Period_3);  gp = 1 + Gap + shift;   
break;
            case 2: txt = tf2txt(Period_2);  gp = 1 + Gap*2 + shift; 
break;
            case 3: txt = tf2txt(Period_1);  gp = 1 + Gap*3 + shift; 
break;
         }
         string name = "FF_"+win+"_"+ii+"_"+txt;
         ObjectCreate(name, OBJ_TEXT, WindowFind(shortname), 
iTime(NULL,0,0)+dif*3, gp);
         ObjectSetText(name, txt,6,"Arial", TextColor);
    
      }




   }
   
   ArrayCopySeries(TimeArray_4H,MODE_TIME,Symbol(),Period_4); 
   ArrayCopySeries(TimeArray_1H,MODE_TIME,Symbol(),Period_3); 
   ArrayCopySeries(TimeArray_30M,MODE_TIME,Symbol(),Period_2);
   ArrayCopySeries(TimeArray_15M,MODE_TIME,Symbol(),Period_1); 
      
   for(i=0, y15m=0,  y4h=0,  y1h=0,  y30m=0;i<limit;i++)
   {
      if (Time[i]<TimeArray_15M[y15m]) y15m++;
      if (Time[i]<TimeArray_4H[y4h])   y4h++;
      if (Time[i]<TimeArray_1H[y1h])   y1h++;
      if (Time[i]<TimeArray_30M[y30m]) y30m++;

      for (int tf = 0; tf < 4; tf++)
      {
         int prd;
         switch (tf)
         {
            case 0: prd = Period_1; yy = y15m;  break;
            case 1: prd = Period_2; yy = y30m;  break;
            case 2: prd = Period_3;  yy = y1h;   break;
            case 3: prd = Period_4;  yy = y4h;   break;
         }
         
        
         haOpen = iCustom(NULL,prd,"Heiken_Ashi_Smoothed",MaMetod,MaPeriod,MaMetod2,MaPeriod2,1,yy) ;
         haClose = iCustom(NULL,prd,"Heiken_Ashi_Smoothed",MaMetod,MaPeriod,MaMetod2,MaPeriod2,0,yy) ;
         
         double dUp = EMPTY_VALUE; //   iCustom(NULL, prd, "SuperTrend", false, 1, yy);
         double dDn = EMPTY_VALUE; //iCustom(NULL, prd, "SuperTrend", false, 0, yy);
         
         if (haOpen<haClose) dDn = 1; else dUp = 1;
         
         switch (tf)
         {
            case 3: if (dUp == EMPTY_VALUE)  buf1_down[i] = 1;           
else buf1_up[i] = 1; break;
            case 2: if (dUp == EMPTY_VALUE)  buf2_down[i] = 1 + Gap * 
1; else buf2_up[i] = 1 + Gap * 1; break;
            case 1: if (dUp == EMPTY_VALUE)  buf3_down[i]  = 1 + Gap * 
2; else buf3_up[i]  = 1 + Gap * 2; break;
            case 0: if (dUp == EMPTY_VALUE)  buf4_down[i]  = 1  + Gap * 
3; else buf4_up[i]  = 1 + Gap * 3; break;
         }
         
         
      }


   }

   return(0);
  }
//+------------------------------------------------------------------+

string tf2txt(int tf)
{
   if (tf == PERIOD_M1)    return("M1");
   if (tf == PERIOD_M5)    return("M5");
   if (tf == PERIOD_M15)    return("M15");
   if (tf == PERIOD_M30)    return("M30");
   if (tf == PERIOD_H1)    return("H1");
   if (tf == PERIOD_H4)    return("H4");
   if (tf == PERIOD_D1)    return("D1");
   if (tf == PERIOD_W1)    return("W1");
   if (tf == PERIOD_MN1)    return("MN1");
   
   return("??");
}

/*void SetValues(int p1, int p2, int p3, int p4)
{
   Period_1 = p1;   Period_2 = p2; Period_3 = p3; Period_4 = p4; 
}


void SetAutoDisplay()
{
   if (AutoDisplay)
   {
      switch (Period())
      {
         case PERIOD_M1  :  SetValues(PERIOD_M1,  PERIOD_M5, 
PERIOD_M15,PERIOD_M30); break;
         case PERIOD_M5  :  SetValues(PERIOD_M5,  
PERIOD_M15,PERIOD_M30,PERIOD_H1); break;
         case PERIOD_M15 :  SetValues(PERIOD_M5,  
PERIOD_M15,PERIOD_M30,PERIOD_H1); break;
         case PERIOD_M30 :  SetValues(PERIOD_M5, PERIOD_M15,PERIOD_M30, 
PERIOD_H1); break;
         case PERIOD_H1  :  SetValues(PERIOD_M15, PERIOD_M30,PERIOD_H1, 
PERIOD_H4);  break;
         case PERIOD_H4  :  SetValues(PERIOD_M30, PERIOD_H1, PERIOD_H4, 
PERIOD_D1);  break;
         case PERIOD_D1  :  SetValues(PERIOD_H1,  PERIOD_H4, PERIOD_D1, 
PERIOD_W1); break;
         case PERIOD_W1  :  SetValues(PERIOD_H4,  PERIOD_D1, 
PERIOD_W1,PERIOD_MN1); break;
         case PERIOD_MN1 :  SetValues(PERIOD_H4,  PERIOD_D1, 
PERIOD_W1,PERIOD_MN1);  break;
      }
   }
   
}
*/
bool NewBar()
{
   static datetime dt = 0;
   
   if (Time[0] != dt)
   {
      dt = Time[0];
      return(true);
   }
   return(false);
}

Dependencies

Heiken_Ashi_Smoothed

This indicator filters price volatility by applying a double-layered moving average transformation to Heiken Ashi price action, neutralizing noise while preserving trend momentum.

Heiken_Ashi_Smoothed

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