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View 15 min indicators on 1hr chart?

  • #1
  • First Post: Aug 20, 2006 6:28pm Aug 20, 2006 6:28pm
Is there any way to set indicators to show up on a chart using a different time periods data?

For example, if I had a 1 hr chart up, but my trade confirmation used a lesser time frame indicator, could I have that all on one chart?

Thanks,

Jason
  • #2
  • Aug 20, 2006 7:04pm Aug 20, 2006 7:04pm
What charts are you using, Metatrader charts?
  • #3
  • Aug 20, 2006 7:46pm Aug 20, 2006 7:46pm
Quoting moutekitrader
What charts are you using, Metatrader charts?
Yes, MT4.

Jason
  • #4
  • Aug 21, 2006 7:38am Aug 21, 2006 7:38am
Quoting jlowder
Is there any way to set indicators to show up on a chart using a different time periods data?

For example, if I had a 1 hr chart up, but my trade confirmation used a lesser time frame indicator, could I have that all on one chart?

Thanks,

Jason
I haven't done it but it is possible. If you know how to code the indicators then just add the wanted timeframe but make sure you have the lesser time frame chart also open otherwise the indicator wont update.
  • #5
  • Nov 22, 2007 11:29am Nov 22, 2007 11:29am
if you use the genesis trade navigator (colorado springs, CO) you can overlay many time periods' features over a shorter period chart. that is, the BASE chart's period must be less than or equal to all of the overlays.
memores acti prudentes futuri.
  • #6
  • Nov 27, 2007 2:06am Nov 27, 2007 2:06am
I have done this with MAs only. I used to use 9 and 18 period ema's so that when in a 30 min chart the 18 ema was my main interest and when I switch to the 1 hr chart the 9 ema would simulate the 8 period of the 30 min chart.

It is simply the ratio of periods to time frame that you need to work out.

Eg. ratio of 15 m to 60 min is 1:4. The ema periods will be the reverse at 4:1

15 min chart 20 ema
60 min chart 5 ema

Get the idea ??
Good Trading to All ---- fairwind
  • #7
  • Nov 27, 2007 5:52am Nov 27, 2007 5:52am
http://www.forex-tsd.com/indicators-...ndicators.html
  • #8
  • Nov 28, 2007 8:09am Nov 28, 2007 8:09am
see attached. 60 min candlestick chart. 15 min xma (60 min) and 15 min xma (15 min). questions??


Quoting jlowder
Is there any way to set indicators to show up on a chart using a different time periods data?

For example, if I had a 1 hr chart up, but my trade confirmation used a lesser time frame indicator, could I have that all on one chart?

Thanks,

Jason
Attached File(s)
File Type: doc A30_15.doc   88 KB | 1,197 downloads
memores acti prudentes futuri.
  • #9
  • Nov 28, 2007 11:50am Nov 28, 2007 11:50am
It's imposible to view 15min indicator on 1hr chart.
And I tell you why. One 1H candle contains 4 15min candles. On 1H chart on every candle correspond 1 point of indicator.
Now the question is: "How can you put 4 points in one?"
And the answer is: "It is imposible. One point can contain only one point. The one way is to display one point instead of four. But then you will loose 3/4 of information from the indicator."
I don't know the reason for your question but this is stupid idea. It is better to display 1H indicator on 15min chart and it is possible.
  • #10
  • Nov 28, 2007 2:04pm Nov 28, 2007 2:04pm
Quoting BlueTrance
It's imposible to view 15min indicator on 1hr chart.
And I tell you why. One 1H candle contains 4 15min candles. On 1H chart on every candle correspond 1 point of indicator.
Now the question is: "How can you put 4 points in one?"
And the answer is: "It is imposible. One point can contain only one point. The one way is to display one point instead of four. But then you will loose 3/4 of information from the indicator."
I don't know the reason for your question but this is stupid idea. It is better to display 1H indicator on 15min chart and it is possible.
I agree 100%. But, you can keep a dual-chart template with both timeframes seen on one page.

chandra
  • #11
  • Nov 28, 2007 6:03pm Nov 28, 2007 6:03pm
Re: "It's imposible to view 15min indicator on 1hr chart."

I agree that the "simulation" I mentioned above will not repeat exactly any MA from one period to another. However, it all depends on how you read the MA.

The attached pics demonstrates the relationship between price and MA. In my 15 min pic I ignore the MA9s and focus on where the price crosses the MA18s. In the 30 min pic I would do the same thing. Note that in this case the price is the same in both charts at the point of crossing, even tho I have used a different MA period.

My two pics do NOT in any sense display a trading strategy of mine. I type these notes as an example of what I was studying a couple of years ago and to assist jlowder in his studies, and other folk who are interested.
Attached Images
Good Trading to All ---- fairwind
  • #12
  • Nov 29, 2007 5:38pm Nov 29, 2007 5:38pm
OK but MA18 on M15 is different with MA9 on M30
If we have candles 1,2,3,4......18 on M15 then on M30 we will have candles:
1+2,3+4,5+6,....,17+18.
Let's calculate the MA18(M15,ClosePrice) = (1+2+3+4+....+17+18)/18
Now MA9(M30,ClosePrice) = (2+4+6+.....+16+18)/9
We missed half information about the candle prices. So MA18(M15) is MA18(M15) and MA9(M30) is MA9(M30). It is different MA lines and if we need MA18(M15) it is better to use MA18(M15) instead of MA9(M30)
I've seen a difference of about 50-80 pips with this trick and that is the big problem.
  • #13
  • Nov 29, 2007 6:38pm Nov 29, 2007 6:38pm
Re:" OK but MA18 on M15 is different with MA9 on M30"

I have already agreed with that.

Re:"I've seen a difference of about 50-80 pips with this trick and that is the big problem."

How about putting up a couple of pics to demonstrate this?
Good Trading to All ---- fairwind
  • #14
  • Nov 30, 2007 5:41am Nov 30, 2007 5:41am
Quote
Re:"I've seen a difference of about 50-80 pips with this trick and that is the big problem."

How about putting up a couple of pics to demonstrate this?
Just look on GBPJPY. I've seen a differences in H1/H4 charts not on M15/M30
There is 58pips difference:
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 219 KB
  • #15
  • Nov 30, 2007 7:22am Nov 30, 2007 7:22am
I repeat
Re:" OK but MA18 on M15 is different with MA9 on M30"

I have already agreed with that.

BT, you have missed the ratio point. If you want to use 1 hr to 4 hr then the ratio is 1:4 AND therefore the MA ratio must be 4:1. The pic examples you offered had MA ratio 2:1 ??

I wont bother with pics, you can check that for yourself. The difference ( as I agreed above ) is different but its not 58 pips.

For other readers, the larger TF's don't work as well as when applied to TF's of 1 hr or less.
Good Trading to All ---- fairwind
  • #16
  • Nov 30, 2007 9:27am Nov 30, 2007 9:27am
Oh, sorry the mistake is mine.
I was in hurry to finish something.
But I 50-80 pips difference is real. I will check later on the chart.

Basicly the MA is closer to each other. But I am in interest what is the reason to view for example M15 indicator on M30 chart?
If it is only for look some average value, it's ok. But if you try to code some EA, this will be stupid idea. If you use some strategy this will be stupid again. You must follow the strategy correctly.
  • #17
  • Nov 30, 2007 6:49pm Nov 30, 2007 6:49pm
Re: "You must follow the strategy correctly."

What strategy ?? This discussion is about comparing two TFs with MAs. There was no strategy mentioned by anyone ?? Indeed, I made specific note in post 11 that my comments in no way alluded to a strategy.

Re: "But I am in interest what is the reason to view for example M15 indicator on M30 chart?"

As I said in post 11, I was studying this idea "a couple of years ago". Since then I have abandoned it. People in these threads will keep discovering the idea and when they do they will need to find for themselves the very small value of it. For my part, I do not follow blindly any one else's idea. I will take an idea and study it to death or I will adopt it, but only after I convince myself that it is of use.
Good Trading to All ---- fairwind
  • #18
  • Last Post: Edited 6:36am Dec 1, 2007 6:32am | Edited 6:36am
This MTF Oscillator might help. It somewhat displays a M15 on a M30 TF as shown here.

Actually, I set it for 3 time frames, 15, 30 and 60 minute.

Please do not ask me how to operate it because I am not for sure. But play around with it. It is not perfect and sometimes the bars "run" together.

Anyway, give it a try.

COTtrader
"Ken"
Attached Image (click to enlarge)
Click to Enlarge Name: mtf_osc.gif Size: 17 KB
Attached File(s)
File Type: mq4 OSC-MTF_CF_SYSv1.1.mq4   14 KB | 965 downloads
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