MTF_AD_v2

Author: Copyright � www.metaquotes.net

This script is designed to display the Accumulation/Distribution (AD) indicator from a different timeframe on your current chart. Think of it like looking at a zoomed-out or zoomed-in version of the same market data and plotting it on your current view.

Here's a breakdown of how it works:

Timeframe Selection: The script starts by asking you to choose the timeframe you want to use for the AD indicator (e.g., 1 hour, 4 hours, daily). You tell the script which timeframe you want via an input setting labeled "TimeFrame". It presents timeframes as numbers corresponding to minutes. For example, 60 means one hour.
Data Preparation: It then gathers the time data from that chosen timeframe. It essentially creates a list of the starting times of each bar (candle) on the selected timeframe.
Synchronization: Now, it needs to align this different timeframe data with your current chart's timeframe. The script goes through each bar on your current chart. For each bar on your chart, it finds the corresponding bar on the timeframe you selected. It uses the time of each of your current bars as its guide to find the matching moment in the other timeframe.
Calculation and Plotting: For each bar on your current chart, it calculates the Accumulation/Distribution value using the data from the corresponding bar in the timeframe you selected. It then plots this calculated value as a line on your chart. In effect, it's showing you what the AD indicator would look like on the selected timeframe, overlaid onto your current chart's price action.

In simple terms, this script lets you see an AD indicator from a higher or lower timeframe perspective directly on your current chart, allowing you to compare and analyze different views of the market.

Indicators Used

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MTF_AD_v2

//+------------------------------------------------------------------+
//|                                MTF_Accumulation/distribution.mq4 |
//|          MTF_AD                        http://www.metaquotes.net |
//|                                                www.forex-tsd.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © www.metaquotes.net"
#property link      "http://www.forex-tsd.com"
//----
#property indicator_separate_window
#property indicator_color1 SlateBlue
//---- input parameters
/*************************************************************************
PERIOD_M1   1
PERIOD_M5   5
PERIOD_M15  15
PERIOD_M30  30 
PERIOD_H1   60
PERIOD_H4   240
PERIOD_D1   1440
PERIOD_W1   10080
PERIOD_MN1  43200
You must use the numeric value of the timeframe that you want to use
when you set the TimeFrame' value with the indicator inputs.
---------------------------------------
MODE_SMA    0 Simple moving average, 
MODE_EMA    1 Exponential moving average, 
MODE_SMMA   2 Smoothed moving average, 
MODE_LWMA   3 Linear weighted moving average. 
You must use the numeric value of the MA Method that you want to use
when you set the 'ma_method' value with the indicator inputs.
**************************************************************************/
extern int TimeFrame=0;
//----
double ExtMapBuffer1[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicator line
   SetIndexBuffer(0,ExtMapBuffer1);
   SetIndexStyle(0,DRAW_LINE);
   SetIndexLabel(0,"MTF_AD TF"+TimeFrame+"");
//---- name for DataWindow and indicator subwindow label   
   switch(TimeFrame)
     {
      case 1 : string TimeFrameStr="Period_M1"; break;
      case 5 : TimeFrameStr="Period_M5"; break;
      case 15 : TimeFrameStr="Period_M15"; break;
      case 30 : TimeFrameStr="Period_M30"; break;
      case 60 : TimeFrameStr="Period_H1"; break;
      case 240 : TimeFrameStr="Period_H4"; break;
      case 1440 : TimeFrameStr="Period_D1"; break;
      case 10080 : TimeFrameStr="Period_W1"; break;
      case 43200 : TimeFrameStr="Period_MN1"; break;
      default : TimeFrameStr="Current Timeframe";
     }
   IndicatorShortName("MTF_AD (TF "+TimeFrame+"");
   return(0);
  }
//----
//+------------------------------------------------------------------+
//| MTF                                                              |
//+------------------------------------------------------------------+
int start()
  {
   datetime TimeArray[];
   int    i,shift,y=0;
   // Plot defined timeframe on to current timeframe   
   ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame);
//----
   int counted_bars=IndicatorCounted();
   if(counted_bars<0) return(-1);
   if(counted_bars>0) counted_bars--;
   int limit=Bars-counted_bars;
   if(counted_bars==0) limit-=1+TimeFrame/Period();
   
   //limit=Bars-counted_bars+TimeFrame/Period();
   for(i=0,y=0;i<limit;i++)
     {
      if (Time[i]<TimeArray[y]) y++;
 /***********************************************************   
   Add your main indicator loop below.  You can reference an existing
   indicator with its iName  or iCustom.
   Rule 1:  Add extern inputs above for all neccesary values   
   Rule 2:  Use 'TimeFrame' for the indicator timeframe
   Rule 3:  Use 'y' for the indicator's shift value
 **********************************************************/
      ExtMapBuffer1[i]=iAD(NULL,TimeFrame, y);
     }
   //----
   return(0);
  }
//+------------------------------------------------------------------+

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MTF_AD_v2

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