Lower TF EMA on Higher TF

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  • 12/31/2023 at 2:16 PM #225846 quote
    ashehzi
    Participant
    Average

    I know it is the other way round but I know what I am asking. I think it has some utlity, depends how you use it.

    Assuming I’ve 5m ema169, how can I use it on e.g. 15m or 30m timeframe? It is possible in TradingView though.

    I know 5m ema169 is something y on 15m but I have not put an effort to convert lower tf ema formula into higher tf ema formula. Has anyone tried or know better how to do it?

    Thanks

    Ash

    5m-ema-on-15m-chart.png 5m-ema-on-15m-chart.png
    12/31/2023 at 4:16 PM #225854 quote
    GraHal
    Participant
    Master

    5m ema169 is nearly same as 15m ema 56.

    5m ema 168 is same as 15m ema 56 (divide by 3 because 15m / 5m = 3)

    Happy to be corrected …  if I’m missing something re ema??

    ashehzi thanked this post
    12/31/2023 at 5:25 PM #225855 quote
    robertogozzi
    Moderator
    Master

    You are right GraHal, it’s nearly same as 15m ema 56. Not the same, unfortunately. You may still get a rough idea of what’s going on.

    GraHal and ashehzi thanked this post
    12/31/2023 at 8:12 PM #225866 quote
    ashehzi
    Participant
    Average

    Thanks guys, never thought that way. It is near match and good enough for a signal.

    GraHal and robertogozzi thanked this post
    12/31/2023 at 11:27 PM #225867 quote
    ashehzi
    Participant
    Average

    To my surprise, I can acheive same in PRT V12 charts, not sure my indicator on PRT would support or not but PRT is doing so. See attached.

    But it doesn’t work in my own code.

    5mema_on_30mins_chart.png 5mema_on_30mins_chart.png
    01/01/2024 at 10:51 AM #225871 quote
    GraHal
    Participant
    Master

    You would need to post your code else we can only guess what you mean by “it doesn’t work in my own code”.

    01/01/2024 at 11:02 AM #225872 quote
    PeterSt
    Participant
    Master

    I think this can’t work in code because an indicator works at the tick level, always. The implication is that it can’t be used in code at all. Yes, at the TF intervals, but that is not the idea I suppose ?
    (I did not fully follow this topic)

    01/01/2024 at 11:22 AM #225873 quote
    GraHal
    Participant
    Master

    What so an EMA running on Chart Timeframe of 15 mins does not work with a period of 56??

    01/01/2024 at 12:16 PM #225874 quote
    GraHal
    Participant
    Master

    Above should have included … ‘EMA 56 on TF 15 mins coded into an Algo’.

    01/01/2024 at 4:36 PM #225879 quote
    ashehzi
    Participant
    Average

    Hi,

    First, I meant that you can view eg 5m ema169 on 15m chart in prt v12.

    Second, you cannot code above in your indicator so the usefulness is only visually as per the v12 feature.

    Finally, I understand as you all have well explained that I can achieve almost same effect by using either 5m ema169 or 15m ema56 or 30m ema28.

    GraHal thanked this post
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Lower TF EMA on Higher TF


Platform Support: Charts, Data & Broker Setup

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ashehzi @ashehzi Participant
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This topic contains 9 replies,
has 4 voices, and was last updated by ashehzi
2 years, 1 month ago.

Topic Details
Forum: Platform Support: Charts, Data & Broker Setup
Language: English
Started: 12/31/2023
Status: Active
Attachments: 2 files
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