Importing a indicator of a higher time frame

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WHS Support
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Joined: 14 Feb 2013 10:27

Importing a indicator of a higher time frame

Post by WHS Support »

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:
DAX_Daily.jpg
save.jpg
4) Open a plain DAX 5 min chart
5) Add the Study indicator and apply it as a filter:
add_sentimentor.jpg
6) Select the previously saved study:
load.jpg
7) Change the "Sentiment Mapping" from "0" to "1":
mapping1.jpg
mapping2.jpg
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:
finished.jpg
Kind regards,
Timo
WH SelfInvest
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