Bollinger Bands & SMA for the 1Min & 5Min Charts | Forex Factory

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Bollinger Bands & SMA for the 1Min & 5Min Charts

  • #1
  • First Post: Edited Apr 9, 2020 12:31pm Apr 8, 2020 4:06pm | Edited Apr 9, 2020 12:31pm
I am using Bollinger Bands and SMA Studies for the etoro Charts in 1 Min. & 5 Min. Time Frames..

But, what I want is to see is that I get the same Figures of the 2 Mentioned Studies (for the 1 & 5 minutes) in chosen time frames.

Example; For Instance, Choosing a Candlestick for time 21:00, then for a 1 min. chart, I should be able to see the same figures of Studies (B. Bands and SMAs) as for a 5min. chart with the same time unit (i.e. 21:00) (i.e. irrespective of the Size of the Candlesticks)..

To explain more , I am attaching the Screen shots I did for the 1 min. & 5 min. Charts at different times..
Along with the study tools details I used for it.

Attached Image (click to enlarge)
Click to Enlarge Name: 1 min and 5 minute capture.png Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: compasrison for 1 min. and 5 min.png Size: 9 KB


Attached Image (click to enlarge)
Click to Enlarge Name: forex chart.png Size: 76 KB


The Comparisons I did for the 1 min. and 5 min. Charts w.r.t. the figures of studies...
Attached File(s)
File Type: xlsx Forex Rates.xlsx   14 KB | 317 downloads


Can you please,see to it guys and let me know what changes I should make to the settings of the Study tools which can help me to bring the same figures results for both the time frames ?...
  • #2
  • Apr 8, 2020 10:42pm Apr 8, 2020 10:42pm
You may not understand how the indicators are created, ie the mathematics behind the indicator.

On a M1 chart the SMA50 looks back over the last 50 bars and so calculates the average over the last 50 minutes

Likewise the SMA50 on a M5 chart also looks back over the last 50 bars, but now its the average over the last 5x50 = 250 minutes.

On the M1 you could try setting the SMA to 250 rather than 50 and this will yield a result closer to the M5 chart, but not exactly.

You dont state why you want them to be the same and so its difficult to suggest solutions, but I need to ask; if you want the same result, then why not just use either one?
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  • #3
  • Apr 9, 2020 10:00am Apr 9, 2020 10:00am
Quoting RedLineFred
You may not understand how the indicators are created, ie the mathematics behind the indicator. On a M1 chart the SMA50 looks back over the last 50 bars and so calculates the average over the last 50 minutes Likewise the SMA50 on a M5 chart also looks back over the last 50 bars, but now its the average over the last 5x50 = 250 minutes. On the M1 you could try setting the SMA to 250 rather than 50 and this will yield a result closer to the M5 chart, but not exactly. You dont state why you want them to be the same and so its difficult to suggest solutions,...
Thanks for replying...
I want to basically go for the M1 chart and want to look way back into the candlesticks for let's upto previous 4 days, but etoro charts don't show up for that long period..
https://www.etoro.com/app/procharts

I follow a strategy of SMA and Bollinger bands on the M1 Charts... but, as I am not able to lean back upto that long period in Etoro M1 charts, I went for the M5 Charts...
And what do you suggest about Bollinger Bands.. Can you see it that at least I can put those with same figures in both the charts..
  • #4
  • Apr 9, 2020 12:28pm Apr 9, 2020 12:28pm
Quoting RedLineFred
You may not understand how the indicators are created, ie the mathematics behind the indicator. On a M1 chart the SMA50 looks back over the last 50 bars and so calculates the average over the last 50 minutes Likewise the SMA50 on a M5 chart also looks back over the last 50 bars, but now its the average over the last 5x50 = 250 minutes. On the M1 you could try setting the SMA to 250 rather than 50 and this will yield a result closer to the M5 chart, but not exactly. You dont state why you want them to be the same and so its difficult to suggest solutions,...
You mentioned that SMA50 is for 50 Minutes in a 1M Chart..

In the Snapshot below which I am using for ETORO, can you see that it is showing for more than 50 minutes..

And secondly, If I want to see a time frame of candlesticks for a longer period in a 1M Chart of Etoro (which etoro doesn't show more than 2 days on a 1M chart window) ; what steps should I be taking which can help me with producing the Same Study Results on a bigger time frame than a 1M window..

Attached Image (click to enlarge)
Click to Enlarge Name: SMA 50 example.png Size: 91 KB


Your feedback on this..
  • #5
  • Apr 9, 2020 6:19pm Apr 9, 2020 6:19pm
I am waiting for your views and answers to the query...
  • #6
  • Apr 10, 2020 10:02am Apr 10, 2020 10:02am
Is anyone out their or not..?
I am waiting since long now..
  • #7
  • Apr 10, 2020 12:54pm Apr 10, 2020 12:54pm
M5 has 288 bars in 1 Day, so 1152 shows 4 Days
  • #8
  • Apr 10, 2020 1:30pm Apr 10, 2020 1:30pm
Quoting juhanimi
M5 has 288 bars in 1 Day, so 1152 shows 4 Days
is that the solution to the problem..

I want to know how can I put SMAs and Bollingerbands on a M5 or greater chart with the settings ( meaaning the Figures on the Bars) of a M1 chart as their are not more bars to see..
  • #9
  • Apr 10, 2020 1:33pm Apr 10, 2020 1:33pm
divide that M1 SMA with 5
  • #10
  • Apr 10, 2020 1:39pm Apr 10, 2020 1:39pm
okey
if you have in M1 1000 SMA and you want to see same in M5 so divede that 1000 with 5 and you get 200, so M5 200 is same than 1000 SMA in M1
  • #11
  • Apr 10, 2020 3:05pm Apr 10, 2020 3:05pm
Quoting juhanimi
okey if you have in M1 1000 SMA and you want to see same in M5 so divede that 1000 with 5 and you get 200, so M5 200 is same than 1000 SMA in M1
It is still not clear to me...
can you see the snapshots attached on top and explain it to more according to it...
  • #12
  • Apr 10, 2020 3:08pm Apr 10, 2020 3:08pm
Quoting juhanimi
okey if you have in M1 1000 SMA and you want to see same in M5 so divede that 1000 with 5 and you get 200, so M5 200 is same than 1000 SMA in M1
Also, I did not get what you meant by 1000 SMA..
  • #13
  • Apr 10, 2020 3:54pm Apr 10, 2020 3:54pm
so you have some SMA and some BB in M1 chart, and you want to see those in M5, is that correct
  • #14
  • Apr 10, 2020 4:17pm Apr 10, 2020 4:17pm
Quoting juhanimi
so you have some SMA and some BB in M1 chart, and you want to see those in M5, is that correct
Yes , that's correct as in the snapshot below... and it does not show more bars than the ones shown on the chart.. and i want to see more than that, that's why I went for M5 or upper ones but with the same figures as of M1 Chart..

Attached Image (click to enlarge)
Click to Enlarge Name: M1 Chart complete.png Size: 98 KB
  • #15
  • Apr 10, 2020 4:18pm Apr 10, 2020 4:18pm
okey what settings you have SMA and BB
  • #16
  • Apr 10, 2020 4:24pm Apr 10, 2020 4:24pm
Quoting juhanimi
okey what settings you have SMA and BB

I already shared the settings for those in my top post in the Snapshot..

Anyways, the Settings are such as below:

Attached Image (click to enlarge)
Click to Enlarge Name: SMA & BB settings example.png Size: 86 KB
  • #17
  • Apr 10, 2020 4:30pm Apr 10, 2020 4:30pm
so 50 SMA, divide that by 5 and you get 10, put 10 SMA to M5 chart, and BB 20 divide by 5 and you get 4, put BB 4 to M5 chart

I dont know about that etoro platform what you have, but there must be in settings somewhere option to show more bars, you can check that too, if you want to stay in M1 chart
  • #18
  • Apr 10, 2020 4:33pm Apr 10, 2020 4:33pm
Quoting juhanimi
so 50 SMA, divide that by 5 and you get 10, put 10 SMA to M5 chart, and BB 20 divide by 5 and you get 4, put BB 4 to M5 chart I dont know about that etoro platform what you have, but there must be in settings somewhere option to show more bars, you can check that too, if you want to stay in M1 chart
1) Their is no settings to increase the numbers of the bars.. I have seen it..

2) Will that maths produce the same figures as of M1 Chart... ??


3) and why divide it by 5...
can you explain the maths to me... a bit more..
  • #19
  • Apr 10, 2020 4:37pm Apr 10, 2020 4:37pm
Quoting farhaj
{quote} 1) Their is no settings to increase the numbers of the bars.. I have seen it.. 2) Will that maths produce the same figures as of M1 Chart... ?? 3) and why divide it by 5... can you explain the maths to me... a bit more..
so M1 has 5 bars when M5 has one bar.
it is minutes
  • #20
  • Apr 10, 2020 4:42pm Apr 10, 2020 4:42pm
Quoting juhanimi
{quote} so M1 has 5 bars when M5 has one bar. it is minutes
I did that as per your settings but the numbers won't match...

Settings at 02:30 Bar
for M1 SMA 50 - Showed value 6908.71

where as at same 02:30 Bar
for M5 SMA 10 (i.e. 50/5) - Showed Value 6905.98

and so did the BB values did not match..

the difference is still their..
what are the options now..?
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