This is a simple but useful trick for beginner traders.
If you want to add higher time frame indicators on the same chart, there is a small and absurdly simple way to do that, without any coding needed.
In the UP Right you have a 4 H chart with a 9 period Moving Average. And in the UP left side, you have a 1 hour chart with a 9 MA and a 36 MA, or 9x4=36.
So basically, if you are on a 1 hour chart and you need an indicator from higher time frame, in this example 4h chart, you just need to multiply the period of the indicator with 4, because four, is the number of 1 hour candles inside a single 4h candle.
In the down side you can see on the 1 hour chart to types of Bollinger Bands, a 20 period and an 80 period that is the same with a 20 period on a 4h chart. Some of you might find this useful, because as you can see, with a little imagination, you can develop some very interesting trading strategies.
With this small trick, you can add on the same chart, multiple indicators with settings from HTF, without any type of coding.
Don't Stumble Trading. Trade Safe!
If you want to add higher time frame indicators on the same chart, there is a small and absurdly simple way to do that, without any coding needed.
In the UP Right you have a 4 H chart with a 9 period Moving Average. And in the UP left side, you have a 1 hour chart with a 9 MA and a 36 MA, or 9x4=36.
So basically, if you are on a 1 hour chart and you need an indicator from higher time frame, in this example 4h chart, you just need to multiply the period of the indicator with 4, because four, is the number of 1 hour candles inside a single 4h candle.
In the down side you can see on the 1 hour chart to types of Bollinger Bands, a 20 period and an 80 period that is the same with a 20 period on a 4h chart. Some of you might find this useful, because as you can see, with a little imagination, you can develop some very interesting trading strategies.
With this small trick, you can add on the same chart, multiple indicators with settings from HTF, without any type of coding.
Don't Stumble Trading. Trade Safe!