This script is a multi-timeframe technical analysis tool designed for the MetaTrader platform. It allows traders to monitor five different Commodity Channel Index (CCI) indicators simultaneously within a single window, regardless of which timeframe they are currently viewing on their chart.
Core Functionality
The primary purpose of this tool is "Multi-Timeframe" (MTF) analysis. Usually, to see what the market is doing on an hourly chart while looking at a 5-minute chart, a trader would have to switch back and forth between different windows. This script solves that problem by pulling data from five distinct timeframes and displaying them all at once on your current screen.
How it Works
- Simultaneous Data Streams: The script tracks five independent CCI indicators. Each one can be assigned to a specific timeframe (e.g., Daily, 4-Hour, 1-Hour, 30-Minute, and Current Timeframe).
- Smart Synchronization: It automatically aligns the data from these different timeframes so that they correspond to the correct moment in time on your current chart. This ensures that you are looking at synchronized historical data across all five periods.
- Customizable Parameters: For each of the five indicators, you can customize:
- The Timeframe: Choose which specific duration of time it should track.
- The Period: Adjust the sensitivity of the CCI calculation (the "smoothing" factor).
- The Applied Price: Select which price point the indicator should base its math on (such as Close, Open, High, Low, or Median prices).
- Visual Style: Each line can be assigned a unique color and width to help differentiate between the various timeframes.
Key Features for the User
- Dynamic Scaling: The script includes safety logic to ensure that if you set a timeframe smaller than your current chart, it will automatically default to your current timeframe to prevent errors.
- Visual Clarity: By displaying five lines in one window, users can easily spot "confluence"—situations where multiple different timeframes are signaling the same trend at the same time.
- Performance Optimization: The script includes a "Number of Bars" limit, which helps maintain smooth performance by ensuring the platform only calculates the necessary amount of historical data needed to populate the screen.
Indicators Used
11
Views
0
Downloads
0
Favorites
MTF_CCI_5TF_X5
//+------------------------------------------------------------------+
//| MTF_CCI_5TFx5 based: #RSI-3TF.mq4 ki |
//| Copyright © 2004, MetaQuotes Software Corp. |
//| http://www.metaquotes.net/ |
//| |
//| 29.10.2005 Ìîäåðíèçàöèÿ Êèì Èãîðü Â. aka KimIV |
//| http://www.kimiv.ru |
//|code change by Alex.Piech.FinGeR mod. fx-tsd.com fxbs thx2mladen |
//|http://www.forex-tsd.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2004, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net/"
#property indicator_separate_window
#property indicator_buffers 5
#property indicator_color1 Red
#property indicator_color2 Gold
#property indicator_color3 Blue
#property indicator_color4 DodgerBlue
#property indicator_color5 MediumSeaGreen
#property indicator_width1 3
#property indicator_width2 3
#property indicator_width3 3
#property indicator_width4 2
#property indicator_width5 1
#property indicator_level1 200
#property indicator_level2 150
#property indicator_level3 100
#property indicator_level4 50
#property indicator_level5 -50
#property indicator_level6 -100
#property indicator_level7 -150
#property indicator_level8 -200
#property indicator_levelcolor DarkSlateGray
#property indicator_levelstyle 4
//------- Âíåøíèå ïàðàìåòðû èíäèêàòîðà -------------------------------
extern color CCI1_color = Red;
extern int TF_1 = 1440;
extern int CCI1_Period = 14;
extern color CCI2_color = Gold;
extern int TF_2 = 240;
extern int CCI2_Period = 14;
extern color MA3_color = Blue;
extern int TF_3 = 60;
extern int CCI3_Period = 14;
extern color CCI4_color = DodgerBlue;
extern int TF_4 = 30;
extern int CCI4_Period = 14;
extern color CCI5_color = MediumSeaGreen;
extern int TF_5 = 0;
extern int CCI5_Period = 14;
extern string note = "1,5,15,30M30,60H1,240H4,1440D1,10080W1,43200MN1, 0-current TF";
extern string colors = "InputsTabColors-4refrenceOnly";
//---
extern int CCI1_applied_price=0;
extern int CCI1_xShift=0;
extern int CCI2_applied_price=0;
extern int CCI2_xShift=0;
extern int CCI3_applied_price=0;
extern int CCI3_xShift=0;
extern int CCI4_applied_price=0;
extern int CCI4_xShift=0;
extern int CCI5_applied_price=0;
extern int CCI5_xShift=0;
extern int NumberOfBars = 1500; // Êîëè÷åñòâî áàðîâ îáñ÷¸òà (0-âñå)
//---- 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.
---------------------------------------
PRICE_CLOSE 0 Close price.
PRICE_OPEN 1 Open price.
PRICE_HIGH 2 High price.
PRICE_LOW 3 Low price.
PRICE_MEDIAN 4 Median price, (high+low)/2.
PRICE_TYPICAL 5 Typical price, (high+low+close)/3.
PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.
You must use the numeric value of the Applied Price that you want to use
when you set the 'applied_price' value with the indicator inputs.
**************************************************************************/
//------- Áóôåðû èíäèêàòîðà ------------------------------------------
double Buffer1[];
double Buffer2[];
double Buffer3[];
double Buffer4[];
double Buffer5[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
void init() {
string short_name;
if(TF_1==0) TF_1 = Period();
if(TF_2==0) TF_2 = Period();
if(TF_3==0) TF_3 = Period();
if(TF_4==0) TF_4 = Period();
if(TF_5==0) TF_5 = Period();
if (TF_1 <= Period()) TF_1 = Period();
if (TF_2 <= Period()) TF_2 = Period();
if (TF_3 <= Period()) TF_3 = Period();
if (TF_4 <= Period()) TF_4 = Period();
if (TF_5 <= Period()) TF_5 = Period();
//---- indicator line
SetIndexStyle (0, DRAW_LINE);
SetIndexBuffer(0, Buffer1);
SetIndexStyle (1, DRAW_LINE);
SetIndexBuffer(1, Buffer2);
SetIndexStyle (2, DRAW_LINE);
SetIndexBuffer(2, Buffer3);
SetIndexStyle (3, DRAW_LINE);
SetIndexBuffer(3, Buffer4);
SetIndexStyle (4, DRAW_LINE);
SetIndexBuffer(4, Buffer5);
//---- name for DataWindow and indicator subwindow label
IndicatorShortName("MTF_CCI_5TFx5 |");
//----
SetIndexLabel(0,"CCI1["+TF_1+"]("+CCI1_Period+";"+CCI1_applied_price+")");
SetIndexLabel(1,"CCI2["+TF_2+"]("+CCI2_Period+";"+CCI2_applied_price+")");
SetIndexLabel(2,"CCI3["+TF_3+"]("+CCI3_Period+";"+CCI3_applied_price+")");
SetIndexLabel(3,"CCI4["+TF_4+"]("+CCI4_Period+";"+CCI4_applied_price+")");
SetIndexLabel(4,"CCI5["+TF_5+"]("+CCI5_Period+";"+CCI5_applied_price+")");
//----
SetIndexShift(0,CCI1_xShift);
SetIndexShift(1,CCI2_xShift);
SetIndexShift(2,CCI3_xShift);
SetIndexShift(3,CCI4_xShift);
SetIndexShift(4,CCI5_xShift);
//----
SetIndexDrawBegin(0,CCI1_Period);
SetIndexDrawBegin(1,CCI2_Period);
SetIndexDrawBegin(2,CCI3_Period);
SetIndexDrawBegin(3,CCI4_Period);
SetIndexDrawBegin(4,CCI5_Period);
}
//+------------------------------------------------------------------+
//| MTF_5TF |
//+------------------------------------------------------------------+
void start() {
int LoopBegin, sh, nsb1,nsb2,nsb3,nsb4,nsb5;
// if (NumberOfBars==0) LoopBegin=Bars-1;
// else LoopBegin=NumberOfBars-1;
int counted_bars=IndicatorCounted();
if(counted_bars>0) counted_bars--;
LoopBegin=Bars-counted_bars;
LoopBegin=MathMax(LoopBegin, TF_1/Period());
LoopBegin=MathMax(LoopBegin, TF_2/Period());
LoopBegin=MathMax(LoopBegin, TF_3/Period());
LoopBegin=MathMax(LoopBegin, TF_4/Period());
LoopBegin=MathMax(LoopBegin, TF_5/Period());
LoopBegin=MathMin(LoopBegin, NumberOfBars);
for (sh=LoopBegin; sh>=0; sh--) {
nsb1=iBarShift(NULL, TF_1, Time[sh], False);
nsb2=iBarShift(NULL, TF_2, Time[sh], False);
nsb3=iBarShift(NULL, TF_3, Time[sh], False);
nsb4=iBarShift(NULL, TF_4, Time[sh], False);
nsb5=iBarShift(NULL, TF_5, Time[sh], False);
Buffer1[sh]=iCCI(NULL, TF_1,CCI1_Period,CCI1_applied_price, nsb1);
Buffer2[sh]=iCCI(NULL, TF_2,CCI2_Period,CCI2_applied_price, nsb2);
Buffer3[sh]=iCCI(NULL, TF_3,CCI3_Period,CCI3_applied_price, nsb3);
Buffer4[sh]=iCCI(NULL, TF_4,CCI4_Period,CCI4_applied_price, nsb4);
Buffer5[sh]=iCCI(NULL, TF_5,CCI5_Period,CCI5_applied_price, nsb5);
}
}
//+------------------------------------------------------------------+
Comments