60min 20period EMA displayed on a 5min chart
Posted: 20 Apr 2014
Can anyone assist me in coding a 60 min 20 period EMA to be displayed on a 5 min chart of same instrument? I have no experience with coding whatsoever. Thanks in advance.
You actually don't need to program anything. The easy way to do this is as follows:
1) On your 5 minute charge, go Insert -> Instrument and select a 60 minute interval for the same market. Note that you can choose to hide this new chart by selecting Format Instrument -> (Select the 60 Minute Time Series) -> Settings -> Display: Sub-Chart (Hide) ... or you can choose to just leave it displayed at the bottom of the window.
2) Once this is loaded, go Insert -> Indicator -> Mov Avg (Exponential)
3) Define your study to be 20 periods in length;
4) Go to the Properties tab of the "Format Study: Mov Avg Exponential" dialog box and click Base Study On "2 - (60 Minute Bar Interval)
5) On that same dialog screen, select Sub-Chart #1
In essence, this will calculate the exp moving avg based on the 60 minute chart of the same instrument but will display it on the 5 minute chart.
If this isn't what you're looking for (or if it doesn't work for some reason), let me know.