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PineCoders
27 ינו׳ 2020 02:51

MTF Selection Framework - PineCoders FAQ 

Berkshire Hathaway Inc.NYSE

תיאור

Our MTF Selection Framework allows Pine coders to add multi-timeframe capabilities to their script with the following features:

► Timeframe selection
The higher timeframe can be selected using 3 different ways:
• By steps (60 min., 1D, 3D, 1W, 1M, 1Y).
• As a multiple of the current chart's resolution, which can be fractional, so 3.5 will work.
• Fixed.

► Non-repainting or Repainting mode can be selected.

► Smoothing of the HTF line
Can be turned on/off and a smoothing factor allows the user to select the degree of smoothing he requires.

The framework is used here to create a higher timeframe version of a simple RSI line, but it can be used to access HTF information for almost any signal.


Functions used


f_resInMinutes()

Converts the current timeframe.multiplier plus the TF into minutes of type float.
• In Pine, the timeframe.multiplier is an integer representing the resolution, but a value of 1 can mean one day or one minute. This function converts that information in a standard fractional float minutes format that can then be used by the other functions in the framework.
• If the chart's current resolution is 15 seconds, the function will return 0.25. If the chart's resolution is one day, it will return 1440.

f_tfResInMinutes(_resolution)

Returns resolution of _resolution period in minutes.
• This function does the same as f_resInMinutes(), but on the target resolution supplied as a parameter in the timeframe.period string format.

f_resNextStep(_res)

Given a current resolution in fractional float minutes, returns its corresponding stepped HTF in the timeframe.period string format.
• This allows the implementation of the step HTF selection mode.

f_multipleOfRes(_res, _mult)

Given a current resolution in fractional float minutes and a fractional multiplier, returns a multiple of the resolution as a string in "timeframe.period" format usable with "security()".
• A multiple like 3.5 is allowed.
• Note that with seconds resolutions, the result returned is constrained by the discrete seconds resolutions available on TV.

f_htfLabel(_txt, _y, _color)

Used to display a label showing either:
• A warning when the chart's resolution is not lower than the HTF.
• The HTF resolution currently used.
The y position used to position the label will require adaptation to the signal you are using. For use in "overlay = true" mode, a technique that works well is commented out in the code.



Look first. Then leap.

הערות שחרור

Updated comments and label function.

הערות שחרור

Fixed alignment in code.

הערות שחרור

Changed variable name in label function.

הערות שחרור

Optimized f_tfResInMinutes(_resolution). Thanks to MichelT!

הערות שחרור

Typo. Thx scarf!

הערות שחרור

.
• Added steps to the shorter TFs in f_resNextStep(). The steps are now: 15 min., 60 min., 4H, 1D, 3D, 1W, 1M, 1Y.
• Also added a compact version of the functions at the end of the script, which uses only 7 lines.

הערות שחרור

  .
Added one function:
f_resFromMinutes(_minutes)

Given a resolution in fractional float minutes, returns it as a string in "timeframe.period" format usable with "security()".

הערות שחרור

Added 2 functions:
f_theoreticalDilationOf(_res) f_avgDilationOf(_res)

They return the theoretical and the average number of chart bars (the dilation) in the higher resolution. The average number will vary because of non-trading period or irregularities in datasets.
תגובות
AltJams
awesome, thanks LucF!
allanster
Always amazed by your work! Thanks so much for sharing!
hdzavalanche
Thank you very much! Can you kindly update this for Pine Script v5?
PineCoders
@hdzavalanche, Thx to you. An update is in the works. Should be out in the next few weeks.
hdzavalanche
@PineCoders, thank you! I'm looking forward to it. I noticed that
timeframe.in_seconds(...)
has simplified some of this, and perhaps other things too. Cheers!
PineCoders
@hdzavalanche, Exactly. The update will take that into account.
RozaniGhani-RG
Hi,
Is any way to draw line using MTF method ?
Thank you.
yyQuant
very cool.

fast TF > slow TF => Buy
fast TF < slow TF => Sell

good singal.
RozaniGhani-RG
Best time framework ever.
I able to use week as main TF using security.
Thank you very much.
Kapucha
Nice work man! How I can plotcandle from higher order timeframe. For example I have 4 bars on 15m timeframe and I would like to plotcandle from 1h timeframe but from full hour to full hour eg. 9:00 to 10:00 not 9:15 to 10:15 because security function returns timeframe "60" not for full hours.
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