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CapR Jun 28, 2011 7:54pm | Post# 1

MTF Moving Average
 
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My MTF moving average overlay indi apparently isn't accurate. I compared it to the SMAs on ForexTraderPro and online charts at http://www.fxstreet.com/rates-charts...?idparell=5255

I use an applied price value of 5. The time frame values are 43200(month), 10800(week), 1440(day). Can the settings be tweaked for more accuracy?

The ForexTraderPro chart shows the 20 & 50 SMAs at 1.4400. 100 SMA is at 1.4210.
The MT4 chart shows the 20 & 50 MTF SMAs at 1.4345/56. 100 SMA is at 1.4300.
_MTF_MovingAverage.mq4

CapR Jun 28, 2011 8:17pm | Post# 2

ForexTraderPro chart
 
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Name: SMAs.jpg
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CapR Jun 28, 2011 8:21pm | Post# 3

MT4 chart with MTF moving average.
 
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Name: smas.jpg
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hanover Jun 28, 2011 8:50pm | Post# 4

I'm not sure if it will result in the same plots as FTPro, but you might like to post your question in jmw1970's thread here. He's succeeded in plotting smoother MTF charts than the usual stepwise variety.


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