about reading indicator value of 15min from a 5min chart

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johnmok
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about reading indicator value of 15min from a 5min chart

Postby johnmok » 01 Nov 2011

hi all,

i've got a new question. i've got a new trading idea.

it's about trading on a 5min chart, where i need to get indicator value(e.g. Moving average) base on 15min time frame of the same instrument, so that i can get the direction first, and then i use another indicator on 5 min chart to find the entry point and trade.

any keywords or method can do this?

thanks a lot!

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johnmok
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Re: about reading indicator value of 15min from a 5min chart

Postby johnmok » 01 Nov 2011

hi, just found a post seems relevant, any more information that i need to know? thanks

viewtopic.php?f=16&t=6929

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TJ
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Re: about reading indicator value of 15min from a 5min chart

Postby TJ » 01 Nov 2011

johnmok wrote:hi all,

i've got a new question. i've got a new trading idea.

it's about trading on a 5min chart, where i need to get indicator value(e.g. Moving average) base on 15min time frame of the same instrument, so that i can get the direction first, and then i use another indicator on 5 min chart to find the entry point and trade.

any keywords or method can do this?

thanks a lot!

2 ways to do it...

1. Use Multi-data series -- apply 2 data series to the same chart (5 min and 15 min), use an indicator to read both data.

2. Use GlobalVariable -- use 2 charts: one for 5 min and one for 15 min. use GV to send 15 min data to the 5 min chart.

ps. GV is a 3rd party add-on program. It is free. Google it and you will find it, both in this forum and elsewhere.

pps. GV is already installed with your MultiCharts. You just have to read the manual and install the sample indicators.
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johnmok
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Re: about reading indicator value of 15min from a 5min chart

Postby johnmok » 01 Nov 2011

thanks a lot! super clear!


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