: Forum MTF Sequential Setup

09/03/2019 at 11:48 AM #106354

robertogozzi

You are missing the fact that ALL indicators work on a specific TF, RSI[14] will calculate the 14-period RSI of the last 14 bars, 14 1-minute bars ARE NOT the same as 14 5-minute bars!

Try this dummy strategy on ProBackTest:

TIMEFRAME(5 minute,updateonclose)
Avg1 = average[20](close)
TIMEFRAME(default)                  //Run it from a 1-minute chart
Avg2 = average[20](close)
buy at -close limit
GraphOnPrice Avg1 coloured(255,0,0,255) AS "5-min MA"
GraphOnPrice Avg2 coloured(0,128,0,255) AS "1-min MA"

TIMEFRAME(5 minute,updateonclose)

Avg1 = average[20](close)

TIMEFRAME(default) //Run it from a 1-minute chart

Avg2 = average[20](close)

buy at -close limit

GraphOnPrice Avg1 coloured(255,0,0,255) AS "5-min MA"

GraphOnPrice Avg2 coloured(0,128,0,255) AS "1-min MA"

You will spot the two different MA’s.

robertogozzi

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