Mladen is right: it is not repainting. It is continuing painting H4 bar on H1 chart.
example - H1 bar started and H4 bar started ... first H1 bar closed and second H1 bar was started ... first H4 bar did not close yet ... and so on.
How many H1 bars inside one H4 bar?
When H4 bar will be closed in our case? It will be closed when 4th H1 bar will be closed ...
So, it is how multi timeframe indicators are working: they are paiting high timeframed bars on lower timeframe chart.
many many tks mladen and newdigital i was understand !
MTF Close Dot Indicator
Hi Mr. Tools!
I've been on the hunt for a simple mtf indicator that prints a DOT at a chosen period close.
I have a simple dot indicator but it's not MTF.
The one needed would for example
print the close of an H1 candle on a 5 minute chart
or the close of an H4 candle on a 15 minute chart.
Thanks so much for any help on this mladen Randy
forgot to ask...
It would be really helpful if the printed close dot
had a countdown clock next to it
counting down to the next dot.
Thanks so much for this.
The way I use this is with a simple line chart on a small tf. (5M/1M)
I draw lines at the previous Hi and previous Lo
between previous and current dot.(higher tf's 1H/4H)
They become target pivot points (S&R) and dictate current candle range for take profit.
This will save a lot of time and hand drawing. Thanks again.
Not an answer from mrtools but me, but anyway, here you go
The close dot of the higher time frame is plotted on the last bar belonging to the target time frame bar not the first as usually is done (for example : 1 hour close price on a 5 minute chart will be plotted at nn:55 minutes not on nn:00 minutes) I thought that it would be more logical that way
If you want the the other way just find a line that goes like this :
end replace the "--" with "+"
the easy and profitable thread guys should be HAPPY
this is a truly MTF indicator
the lightblue dots is the price of last 4 hours TF , where the price were
this way, people could see the ending of 4 hours TF (this candle) and place their bet in the next 4 hours accordingly
Thanks for the quick response. Nice!
I'm playing with it now.... 1M linechart / 1H dots.
It looks to be EXACTLY the simple tool I needed.
It will show me the intra-period retrace entries I'm hunting for...
the closer to the dot the better...
I will look at the 5M / 4H setup as well.
Specifically I'm using it on the GBPUSD.... Frankfort/London session... candles often 18-25pips each
that's the target for profit taking.
there are many, many 1H candle stems that reside very close to one another
those are the opportunities for a clean entry and small SL....
This will work for me.
Here is a sample chart with your MTF mod
GBPUSD 1M / 1H dot
the gray rectangle is 20 pips (for scale)... I keep it handy..
until I start to see swings that come close to it
then drag it over a current entry in play to give the TP some scale.
If that makes sense...
demark range forcast indicator
Could some make this indicator into a multi time frame MTF
it is a demark range forcast indicator
Forecasting of Price Ranges - MQL4 Code Base
I did find a need to make the change you describe
(on the 1H chart it prints on the 3rd hr bar close instead of the 4th bar)
I understand why it does this.... and is no problem on the 1M charts etc.
I would like to make the code change you suggest
and I found the line of code that needs the adjustment...
I am not finding the "--" to replace it with "+"
per your instructions.
sorry... it's probably there...
I'm just not seeing it.
I will try this change (and see if it works )
int x = iBarShift(NULL,timeFrame,Time);
is that what you meant???
no... that didn't work.
coding is not my thing.
That is the exact place where you should change it
ok... I'm probably trying to do something w the indicator
that it doesn't want to do.
I'm layering the indicator twice...
once for 1H
and again for 4H...
Both are printing...
but the 4H dot prints at the close of the 3rd 1H bar...
If I made the correct code change....
so be it.
Maybe I can play with it long enough to get it to shift.
Don't scratch your head over this mladen
you've done your job and done it well.
Thanks so much friend.