DEMA calculation on different time resolution

September 10th, 2017, 08:18 AM

Hi,

I would like to modify my DEMA calculation from the actual one based on the current time resolution to another resolution.
For example, my signal which works on 5 minutes resolution is also triggered by DEMA values but.... with the following code I attach below, the DEMA is calculated on the same 5minutes bars while I desire that my DEMA indicator in my code calculates over daily bars (time resolution daily and not 5 min. wich is the time for the signal). Is it possible to make changing the code?

Actual code for DEMA based on Xaverage function:

Code

inputs: 
Price(Close), Length(260);
 
vars: 
X1(0), X2(0), Dema(0)

X1= XAverage(Price,Length);
X2= XAverage(XAverage(Price,Length),Length);
DEMA = X1 * 2 - X2;

and Xaverage function:

Code

inputs: 
	PriceValue( numericseries ), 
	Len( numericsimple ) ;                                             

variables: 
	var0( 2 / ( Len + 1 ) ) ;

if CurrentBar = 1 then
	XAverage = PriceValue
else
	XAverage = XAverage[1] + var0 * ( PriceValue - XAverage[1] ) ;

Thank you

ABCTG · September 11th, 2017, 05:40 AM

auato,

you can accomplish your goal by basing your code on another datastream (like data2). However this datastream needs to be present on your charts.
You can find plenty of examples here on nexusfi.com (for example

Trading using multiple time frames in Multicharts

Hi everyone.
Ive recently gotten into using multicharts, and I have one query, which may or may not have already been asked on this forum. Ive searched and found similar stuff, but nothing that answered my query.

What I want to do is chart an instrument …

) or in the official forum. The FAQ thread there will also give you some good information to start with https://www.multicharts.com/discussion/viewtopic.php?f=16&t=6929 and https://www.multicharts.com/discussion/viewtopic.php?f=16&t=6929).

Regards,

ABCTG

October 1st, 2017, 10:52 AM

Is it possible to use the second streaming in the backtest?

ABCTG · October 2nd, 2017, 02:51 AM

auato,

yes, a second datastream can be used in a backtest, too.

Regards,

ABCTG

DEMA calculation on different time resolution

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DEMA calculation on different time resolution