Importing a indicator of a higher time frame
Posted: 16 Jan 2014 10:51
Dear Trader,
enclosed you find a short example how to import and utilize a indicator of a higher timeframe in a smaller timeframe.
A) Using the MACD indicator of a DAX Daily chart as a filter in a DAX 5 min chart.
What to do:
1) Add the MACD as a Sentimentor in DAX daily chart
2) Add the Meta Sentimentor in the DAX daily chart
3) Save the chart as a study: 4) Open a plain DAX 5 min chart
5) Add the Study indicator and apply it as a filter: 6) Select the previously saved study: 7) Change the "Sentiment Mapping" from "0" to "1": 8) Finished. The MACD indicator form the DAX daily chart is successfully imported into the DAX 5 min chart. In this example we utilize it as a filter: Kind regards,
Timo
WH SelfInvest
enclosed you find a short example how to import and utilize a indicator of a higher timeframe in a smaller timeframe.
A) Using the MACD indicator of a DAX Daily chart as a filter in a DAX 5 min chart.
What to do:
1) Add the MACD as a Sentimentor in DAX daily chart
2) Add the Meta Sentimentor in the DAX daily chart
3) Save the chart as a study: 4) Open a plain DAX 5 min chart
5) Add the Study indicator and apply it as a filter: 6) Select the previously saved study: 7) Change the "Sentiment Mapping" from "0" to "1": 8) Finished. The MACD indicator form the DAX daily chart is successfully imported into the DAX 5 min chart. In this example we utilize it as a filter: Kind regards,
Timo
WH SelfInvest