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.
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 😉
Nice candle Today 🙂 Renault
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!
@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.
@iac381
There are good moderators here on the forum and I think you will find help and information easily