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Cool Multitimeframe Chart
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Created: by MWinfrey Attachments:20

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Cool Multitimeframe Chart

  #41 (permalink)
Elite Member
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MWinfrey View Post
Here's something you can try...This chart has 6 time frames on it, Daily, 180m, 60m, 30m, 5m, and 1m. There is also 1 indicator, SMA(1) that is configured to show as Dots on the Daily which is really only there for a visual. All the lines are price plotted using the "Line on Close" option for the DataSeries. So, the Daily, 180m, 60m, 30m, and 5m show as black lines with the 5m as the thicker black line and the 1m is the red and green OHLC DataSeries.

If you want to set this up for yourself I am including a template. Create a chart with each of those timeframes on it and then apply the template. Let me know what you think.

I seem to be getting too wide right margin; even wider than what you have in your screenshot. Is that the way it should be ?

Lolu

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  #42 (permalink)
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lolu View Post
I seem to be getting too wide right margin; even wider than what you have in your screenshot. Is that the way it should be ?

Lolu

the right side margin is determined by the slowest timeframe you have charted. In my case it's the daily. However, you can scroll the chart to the left without any ill effect to view your chart normally.

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  #43 (permalink)
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MWinfrey View Post
Here's something you can try...This chart has 6 time frames on it, Daily, 180m, 60m, 30m, 5m, and 1m. There is also 1 indicator, SMA(1) that is configured to show as Dots on the Daily which is really only there for a visual. All the lines are price plotted using the "Line on Close" option for the DataSeries. So, the Daily, 180m, 60m, 30m, and 5m show as black lines with the 5m as the thicker black line and the 1m is the red and green OHLC DataSeries.

If you want to set this up for yourself I am including a template. Create a chart with each of those timeframes on it and then apply the template. Let me know what you think.


trendisyourfriend View Post
If you use one of Fat Tails' Visual SMA or Visual EMA and use 1 period for the higher intervals: 5m, 10m, 15m 30m etc.) you'll be able to see if the last candle was up or down on your 1 minute timeframe for each of these higher timeframes.


Thanks guys for some great ideas.

Attached is a simulated chart of what I had in mind so you see where I am comming from. I used the ADXVMA set to different periods to do this. The main trading chart is a 4 Renko and panels 2,3 and 4 show the price action on say a 15, 30 and 60 minute chart. This shows you whether price is rising or falling for each of the 4 Renko price bars.

You could then use something like the SuperTrend to give you potential entries which you would only take if you had support from the other three timeframe charts. Let me know what you think.

Attached Thumbnails
Cool Multitimeframe Chart-simulated_multi_timeframe_chart.png  
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  #44 (permalink)
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protrader007 View Post
Thanks guys for some great ideas.

Attached is a simulated chart of what I had in mind so you see where I am comming from. I used the ADXVMA set to different periods to do this. The main trading chart is a 4 Renko and panels 2,3 and 4 show the price action on say a 15, 30 and 60 minute chart. This shows you whether price is rising or falling for each of the 4 Renko price bars.

You could then use something like the SuperTrend to give you potential entries which you would only take if you had support from the other three timeframe charts. Let me know what you think.

This looks very interesting. Could you please post the template of your screenshot ?

Lolu

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  #45 (permalink)
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lolu View Post
This looks very interesting. Could you please post the template of your screenshot ?

Lolu

This is just a simulation of an idea. There is no actual template.

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  #46 (permalink)
Market Wizard
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protrader007 View Post
This is just a simulation of an idea. There is no actual template.

You may want to check out the current issue of TASC (March 2012)

There is an indicator called Swami Charts that uses multiple time frames on one chart with the indicator at the bottom.

The image (attached below) uses colors with the bottom the shorter time frames with longer timeframes at the top.

The indicator currently available on NT is a Stochastics but can be adapted to other indicators.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Attached Thumbnails
Cool Multitimeframe Chart-swami.bmp  
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