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
Importing a indicator of a higher time frame
- WHS Support
- Posts: 2430
- Joined: 14 Feb 2013 10:27
Importing a indicator of a higher time frame
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