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is_monthly

Overview​

The is_monthly variable is designed to check whether the chart is monthly. The variable has the true value in case the chart timeframe resolution is set to monthly. Otherwise – the false value.

You can use this variable in the conditions, which are based on different timeframes.

The monthly values:

  • 1 hour, etc.;
  • 1 day, etc.;
  • 1 week, etc.

Type​

Boolean

Syntax Format​

sma_length = 25 

if timeframe.is_monthly()
    sma_length = 45