multiple timeframes

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  • 12/08/2016 at 2:18 PM #18066 quote
    JvdG
    Participant
    Average

    Hi,

    as far as I can see, one cannot address multiple timeframes in ProRealTime;

    in a strategy or indicator you only address one timeframe; e.g. I work on the 30-minute chart;

    now my question is:  is there a way to solve this mathematically?

    example:  if – working on the 30-minute chart – I want to check whether the daily EMA9 crosses over the daily EMA20, can I calculate these daily ema’s by

    simply using the EMA(9 x 48) and the EMA(20 x 48) ?

    (calculating the daily EMA would then require multiplication by a factor 48 because one day contains 48 30′-candles)

    Does this make sense or is it more complex?

     

    Regards, Jerke

    12/08/2016 at 5:06 PM #18078 quote
    GraHal
    Participant
    Master

    No you’re spot on jerke, good work!

    I do this sometimes also.

    Cheers
    GraHal

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multiple timeframes


General Trading: Market Analysis & Manual Trading

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JvdG @jvdg Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by GraHal
9 years, 2 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 12/08/2016
Status: Active
Attachments: No files
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