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Hi Maxwells
> Is there anyway to recreate a longer timreframe from a shorter
> timeframe with formula? (like to have a 5min chart and too plot an
> indicator from the 30min chart).
Do you mean something like this?
{30 Minute EMA - Close}
{2005 Roy Larsen, www.metstocktips.co.nz}
{for use on 1-30 minute charts}
N:=Input("30 Minute EMA - Periods",1,99,10);
Q:=Input("Display Mode, 0=Static 1=Dynamic 2=Test",0,2,1);
{0=Update on last bar of 30-minute frame if possible}
{1=Update on each new bar}
{2=Update on first bar of 30-minute frame}
A:=Minute(); B:=ValueWhen(2,1,A);
X:=Hour(); Y:=ValueWhen(2,1,X);
G:=LastValue(Highest(Sum(A=0 OR A=30,5))=5);
F:=G OR A=0 OR A=30;
M:=G OR X<Y OR (X=Y)*(B=0) OR (X=Y)*(B=30) OR
(X>Y)*(A<>0) OR (A>30)*(B<=30) OR
(A<=30)*(A<>0)*(B>30) OR ValueWhen(2,1,F);
A:=LastValue(Cum(1)-1)=Cum(1);
B:=ValueWhen(2,1,A);
J:=If(F,1,If(Alert(F,2)=0 AND M,2,0));
J:=If(A+LastValue(J)>2 OR B+(Q=1)=2,1,J);
J:=If(G,1,If(Q=2 OR Cum(J)<=1,M*2,J));
K:=ValueWhen(1,J,If(J=1,C,ValueWhen(2-G,1,C)));
X:=Cum((J>0)*K);
(X-ValueWhen(N+1,J,X))/N;
> Would be usefull to put trend of 30m into the 5min chart in the
> advisor without having 2 separate chart.
How do you define a trend on a 30 minute chart? That code would need to
be expanded in the same way this simple moving average has been. Virtually
all the code in this indicator up to the third "J" is devoted to defining 30-minute
frames for shorter periodity data. This section of the indicator is still being
developed and may not function perfectly under all data conditions.
Once the frame borders have been defined and the CLOSE for each frame
retrieved, the moving average only takes two lines of code. More lines are
required if this method is not accurate enough, however, I think you'll find it's
accurate to about 4 decimal places.
If this is helpful, I'd appreciate some help in the form of feedback on any
problems you identify. Thank you in davance.
> Tkx in advance.
>
> Maxwells
Kind regards
Roy Larsen
www.metastocktips.co.nz
Free formulas and MS links
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