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EA and RSI timeframes

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Alan
54
Alan  

As a Newbie, this is giving me the S****

Please see attached graphs, and hope someone can explain?

Alan

Scorpion
4110
Scorpion  

Welcome to inconsistency! It's normal that charts on different timeframes show different values.

First it's because of different data. Take a look at 4H chart then 1H chart, price bars are already different. All High, Low, Close and Open prices are different. 1 bar of 4H chart represents 4 hours of prices, whereas 1H chart represents 1 hour of prices.

Second it's because of indicator's settings. On 4H chart, RSI of 14-bar period takes 56 hours of price data into calculation, whereas on 1H chart, RSI of 14-bar period takes only 14 hours of price data into calculation. Difference of 56 hours and 14 hours is substantial.

Not only is RSI different, but all other indicators such as moving average, adx, cci, fractals and macd are also. Fortunately, there're multi-timeframe indicators available for mt4 that can take values from higher timeframe (e.g. 4H) to show in lower timeframe (e.g. 1H).

Download them multi-timeframe indicators

Alan
54
Alan  

Thanks Scorpion... I see they say that it's not possible to have Shorter Time Frames on the Indicators??

Not possible???

wenk_naged
4
wenk_naged  

Hello..............

arull64
5
arull64  

Hello,

I'm a newbie to this community.

I hope we can share knowledge in future.

Tq.

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