This script is designed to show you the state of a custom trading indicator called "AlaskanPipAssassinMod" on a different timeframe than the one you're currently viewing on your chart.
Here's a breakdown:
-
It's a Multi-Timeframe (MTF) Indicator: The core purpose is to display information from a different timeframe (e.g., hourly) on your current chart (e.g., 5-minute). You choose the timeframe you want to see through the "TimeFrame" input setting. If you set "TimeFrame" to 60, you'll be seeing hourly values on your current chart.
-
Configuration: The script takes several inputs:
- TimeFrame: Specifies which timeframe's data will be used for the indicator calculation (e.g., 1 for 1-minute, 60 for 1-hour, 240 for 4-hour, etc.).
- CountBars: How many of the past bars will be considered on the "AlaskanPipAssassinMod" calculations.
- SSP, Kmin, Kmax: These are parameters that are passed to the "AlaskanPipAssassinMod" indicator. These parameters most likely affect how the "AlaskanPipAssassinMod" indicator is calculated.
-
How it Works (Simplified):
- It takes the chosen "TimeFrame" and gets the values of the "AlaskanPipAssassinMod" indicator from that timeframe.
- It plots two lines on your current chart, each representing an output of the "AlaskanPipAssassinMod" indicator, based on the values from the different timeframe.
- It uses a loop to go through recent bars on your current chart. For each bar, it finds the corresponding value from the "AlaskanPipAssassinMod" indicator on the selected "TimeFrame".
-
The "AlaskanPipAssassinMod" Indicator: This is a separate, custom indicator that this script relies on. This script doesn't calculate the indicator itself; it uses the values calculated by that indicator. It takes the indicator's output, shifts the time-frame and draws it on the main chart.
-
Alerts: This script is also configured to produce alert messages depending on the "AlaskanPipAssassinMod" indicator on different timeframes and current price values.
In essence, this script acts as a bridge, bringing the "AlaskanPipAssassinMod" indicator's data from a different timeframe onto your current chart, allowing you to see how that indicator is behaving on that other timeframe without switching charts.
//+------------------------------------------------------------------+
//| THANKS to Keris2112 for the #MTF-TEMPLATE code
//|
//| BB-Squeeze converted to MTF format by FX Sniper
//+------------------------------------------------------------------+
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 LawnGreen
#property indicator_color2 Magenta
//---- 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.
**************************************************************************/
extern int TimeFrame=0;
extern int CountBars=1000;
extern int SSP=7;
extern double Kmin=1.6;
extern double Kmax=50.6;
double test1;
double test2;
double alertTag;
double prev;
double prev1;
double ExtMapBuffer1[];
double ExtMapBuffer2[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicator line
SetIndexBuffer(0,ExtMapBuffer1);
SetIndexStyle(0,DRAW_LINE,0,3);
SetIndexBuffer(1,ExtMapBuffer2);
SetIndexStyle(1,DRAW_LINE,0,3);
//---- 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 AlaskanPipAssassin: ("+TimeFrameStr+")");
}
//----
return(0);
//+------------------------------------------------------------------+
//| MTF Parabolic Sar |
//+------------------------------------------------------------------+
int start()
{
datetime TimeArray[];
int i,limit,y=0,counted_bars=IndicatorCounted();
// Plot defined time frame on to current time frame
ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame);
limit=Bars-counted_bars;
for(i=0,y=0;i<limit;i++)
{
if (Time[i]<TimeArray[y]) y++;
/***********************************************************
Add your main indicator loop below. You can add the full
indicator code or you can just reference an existing
indicator with its iValue or iCustom.
Rule 1: Add extern inputs above for all neccesary values
Rule 2: Use 'TimeFrame' for the indicator time frame
Rule 3: Use 'y' for your indicator's shift value
**********************************************************/
ExtMapBuffer1[i]=iCustom(NULL,TimeFrame,"AlaskanPipAssassinMod",CountBars,SSP,Kmin,Kmax,0,y);
test1=iCustom(NULL,TimeFrame,"AlaskanPipAssassinMod",CountBars,SSP,Kmin,Kmax,0,y);
ExtMapBuffer2[i]=iCustom(NULL,TimeFrame,"AlaskanPipAssassinMod",CountBars,SSP,Kmin,Kmax,1,y);
test2=iCustom(NULL,TimeFrame,"AlaskanPipAssassinMod",CountBars,SSP,Kmin,Kmax,1,y);
if(prev == 0) prev=test1;
if (prev < test1 && test1 == test2 && alertTag!=Time[0]){Alert("MTF Pip Assasin Trend going Down on ",Symbol(),Period()," prev ",prev," test1= ",test1," test2= ",test2);alertTag = Time[0];prev = test1;}
if (prev > test1 && test1 == test2 && alertTag!=Time[0]){Alert("MTF Pip Assasin Trend going Up on ",Symbol(),Period()," prev ",prev," test1= ",test1," test2= ",test2);alertTag = Time[0];prev1 = test1;}
}
//
return(0);
}
//+------------------------------------------------------------------+
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