Using indicator from another timeframe?

• 12/11/2016 at 12:08 PM #18238
  snapple

  Hi all, I was wondering if it is possible at all to include an indicator from another timeframe in a trading system.

  At the moment I would like to make a system that uses the 5 minute time frame, but before it executes the trade, it has to be above the 4 hour moving average, just so that a trend is established.

  Has anyone been able to do this before/ do they know if it is possible?

  Many thanks

  

  snapple

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  12/11/2016 at 1:12 PM #18242
  GraHal

  Hi Snapple

  Yes … for example, if you are in the 4 H Timeframe then MA[5] = MA[48] in the 5M Timeframe.

  So you’d need … IF close >  average[48] (close) THEN … etc

  Hope that makes sense, if not just say.

  Cheers
  Grahal

  

  GraHal

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  12/11/2016 at 1:48 PM #18243
  snapple

  Hi Grahal thanks for you response,

  What I mean is I want to code the entry on a low timeframe such as 5 or 10 minutes, using a 15-period moving average for that timeframe. But I only want to enter the trade depending on whether the price closes above the 21-period moving average that is used on the 4 hour chart (so 21 – 4 hour periods), if that makes sense…

  If I was in the 5 minute timeframe and used MA[48], wouldn’t it just calculate the MA of the last 48 bars?

  Thanks

  

  snapple

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  12/11/2016 at 2:33 PM #18247
  Eric

  There are 48 5-min bars in one 4-hours bar

  you need 48×21 = 1008 (you need at least that many bars in history to calculate the MA)

  and another thing to bear in mind is if you use IGs 24 hours index (dax for example) there is 5.min bars missing out of hours so the 5-min MA 1080 may not be the same as 4-hour MA 21, so you may have to tweak it to get the same result

   

   

   

  

  Eric

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  12/11/2016 at 3:14 PM #18249
  snapple

  Thank you! I’ve tried what you suggested and it seems to work! Thank you very much!

  

  snapple

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