Indicator for one period on same chart for another period

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  • #211261 quote
    iac381
    Participant
    Junior

    Is it possible to eg 1) have a(ny) MA of 5 mins on a chart of 1 min or eg 2) vice versa? If so, can this be applied to other indicators and are there limits? I use a 5 min indicator below another 1 or 2 min chart (don’t always need a 5 m price bar), but really would like to be able to integrate my key indicators in one price chart of my my preferred time frame(s). The objective is more efficient entry/exit for day trading indexes.

    My main periods of watch are 1m and 5m but I also look at 2 and 15m especially in sideways periods.

    If so how? I have no coding skills although have a basic understanding.

    Would be grateful for any replies.

    #211279 quote
    ZeroCafeine
    Participant
    Senior

    hi @iac381

    Maybe my answer will help you,

    if for example you use a 20 period moving average on M5 and you want to display it on an M1 chart, you have to calculate the ratio between M1 and M5 time unit which is 5 ( M5 / M1 = 5 ),

    so to display a 20 period moving average M5 on a M1  chart, you have to display a moving average of 20*5 = 100

    MA(20) of M5 = MA(100) of M1

    hope it’s clear and I don’t do an error 😉

    iac381 thanked this post
    M11.png M11.png
    #211295 quote
    ZeroCafeine
    Participant
    Senior

    Nice candle Today 🙂 Renault

    Capture-decran-2023-03-10-a-09.21.35.png Capture-decran-2023-03-10-a-09.21.35.png
    #211308 quote
    iac381
    Participant
    Junior

    Very many  thanks @ZeroCaffeine

    That does give one a very good idea of what it looks like even if it is not 100% accurate. And when you use more complex MA’s eg EMA, Hull, Wilder’s, Zero Lag etc it gets less accurate. But it is close enough.

    I had seen some time back that there is a “Multi-time frame indicator” capability within PRT but I cannot understand that discussion as it leapt into coding without full explanation for a basic level operator such as I!

    #211392 quote
    robertogozzi
    Moderator
    Master

    @iac381

    This is where you should start from https://www.prorealcode.com/blog/learning/approach-multi-timeframe-trading-prorealtime/.

    Then you can search this forum for MTF to get many links to topics and codes, tu further improve your knowledge.

    ZeroCafeine and iac381 thanked this post
    #211435 quote
    ZeroCafeine
    Participant
    Senior

    @iac381

    There are good moderators here on the forum and I think you will find help and information easily

    iac381 thanked this post
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Indicator for one period on same chart for another period


Platform Support: Charts, Data & Broker Setup

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iac381 @iac381 Participant
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This topic contains 5 replies,
has 3 voices, and was last updated by ZeroCafeine
2 years, 11 months ago.

Topic Details
Forum: Platform Support: Charts, Data & Broker Setup
Language: English
Started: 03/09/2023
Status: Active
Attachments: 2 files
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