I am using SMA 50 and SMA 200 on Daily Time frame. I want to use the same SMA 50 and 200 values from opening 15 min time frame.
Is this possible? if yes, please let me know the exact value for 50SMA and 200 SMA?
Thanks in Advance!
So to have the equivalent SMA 50 and SMA 200 on the M15 chart, you would have to use an SMA 4800 (50 x 96), and an SMA 19200 (200 x 96).
However, such BIG SMAs, will probably not be very practical and also be more CPU intensive. An alternative is to use a MTF (Multi-timeframe) Moving Average Indicator which will display the Daily SMA on the M15 chart instead. It will not be as smooth as this equivalent, but it will be the EXACT values of the daily one along the entire day.
Try both methods and see which one you prefer.