|
PureBytes Links
Trading Reference Links
|
On Thu, 5 Feb 2004 14:50:56 -0500, you wrote:
>Hello,
>
>Does anyone know have a formula for calculation of
>ADX so that i can apply it on a 5min chart to
>determine whether ADX on the equivalent 30,60 min
>chart is above 30 threshold?
>
>For example, if I apply a Average(Close,240) on a
>5min chart it will plot equivalent values as
>Average(Close,20) on a 60 min chart. The reason
>why this works in this case is because Average is
>a linear function. I cannot do the equivalent on
>ADX because it is non-linear.
>
>Does anyone have any suggestions?
>
>Thanks,
>Bing
>
Bing,
Open the chart in 3 diffrent timeframes. Using <F5>
PS calls the 1st chart data1 the 2nd chart data2 etc
When you need a value from the 30-min chart (data2)
To read a value from the 30 min chart just use something like: X= Close of data2
The following code plots a moving average of data1=5min and data2=30min
So the trick here is use "of data X"
I hope this helped a bit. Or even if it was what you asked for :-)
Regards,
Tony
|