Two questions about Indicators
Hello!
I've got two questions regarding indicators and their use in EAs:
1 - Are there any indicators that will only work on the TF window the EA is palced on, even if the EA specifies that it should read data from other TF? For exemple, the window TF is H1 and the EA "tells" the indicator do read data from M5 TF. Are there any indicators that will not do this, and stick to the TF window the EA is on?
2 - Building an EA, does it make any diference if we use an indicator or the actual formulas that constitute the indicator itself? For exemple, when using EMA, is it any different to call the indicator EMA or to make the calculations to get the exponential moving average "manually"?
Thanks a lot!
1. Makes no sense, if you specify to read M5, it will read M5, if you specify to stick with the WINDOW TF, it will read window TF
2. If you are interested in wasting time, then you can go ahead and write your own indicators that will be exactly the same as the ones that come with the platform, assuming that your equation is correct and your programming skills are correct.
1. Makes no sense, if you specify to read M5, it will read M5, if you specify to stick with the WINDOW TF, it will read window TF
2. If you are interested in wasting time, then you can go ahead and write your own indicators that will be exactly the same as the ones that come with the platform, assuming that your equation is correct and your programming skills are correct.
Hello C0d3, Thanks for the clear answers!!
:)
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Hello!
I've got two questions regarding indicators and their use in EAs:
1 - Are there any indicators that will only work on the TF window the EA is palced on, even if the EA specifies that it should read data from other TF? For exemple, the window TF is H1 and the EA "tells" the indicator do read data from M5 TF. Are there any indicators that will not do this, and stick to the TF window the EA is on?
2 - Building an EA, does it make any diference if we use an indicator or the actual formulas that constitute the indicator itself? For exemple, when using EMA, is it any different to call the indicator EMA or to make the calculations to get the exponential moving average "manually"?
Thanks a lot!