Why different EMA in different TF
I am a newbie here.
I want to draw two EMA (5 /10) on 4H chart. Since the time difference between 4H and 30M is 8 times, I try to "transfer" them to M30 chart using EMA(40/80). However when I compare them, they look different. My main purpose is to draw the relevant EMA(5/10) using 4H with email alert and put it into M30 chart so I don't need to change it so often. Any advise?
p.s. since I am working full time, I use the email alert for EMA cross over on 4H and then I check the trend to trade.
Hello, I moved your post to this thread where you can find some MTF MA it is that what you're looking for.
Also, the https://www.mql5.com/en/forum/173235 thread is another good place to start. Pay special attention top the indicator AllAverages made by Igorad (look near the last posts).
Or Ratio Indicators on Elite Section: https://www.mql5.com/en/forum/178741
And about your transfer question is not easy as you think. Example:
H4: Using a SMA of 5 periods on close you're using 5 inputs (prices)
H1: Using a SMA of 40 periods on close you're using 40 inputs (prices)
Results will be completely different or with luck not too close.
Just calculate a simple SMA on paper or excel using 5&40 periods and see the values.
Thank you but how to solve this issue? How to plot EMAs (EMA 5/10 on 4H chart) on a 30M chart?
Using Multi Timeframe Indicators is one choice. Igorad indicator AllAverages have MTF included.
Hi fxbs where can I get the mtf_macdzerolag shown on your chart, I cannot find it in the forum
Hourly High Low Indicator
hi guys, i'm looking for indi that can show high and low for hourly candlestick at certain time. juz simple one will do...glad if u all can share it...
should be many different zlagmacds in the thread
i updated one which was on the pict
note: MTF_MACD_ZeroLag_zlagmacd_line.mq4 works only with "MACD_zlagmacd"(exact filename)
Hi fxbs, thank you for the lovely macd.
you welcome, Etan,- what did you do to Increase? (he didn't show up for few weeks - nobody making any alerts anymore...)
34 EMA level
May I request to any expert for an Indicator, 34 EMA price level in defferent time frame.
Like price is bellow or above the 34 EMA.
This will really help for trades who follows woodies CCI strategy.