Why do you use indicators that change values when period change?

BeginnerJoe

Senior member
3,329 350
What I find more interesting is why every time you post up an indicator, the colours on it change, even though the indicator is the same ? Think about that ! Have a ponder.
 

Purple Brain

Experienced member
1,613 179
I don’t watch videos, but if therumpledone is saying the value of for example a moving average is different on different timeframes – yes, that’s correct. A 15 period moving average on an hourly is not the same as a 60 period on a 15 minute for the same instrument. To believe they are or should be is to miss the point of what a moving average tells you.

Apologies if I’m responding to an issue that isn’t the op’s central focus, but I’ve found investing the typical 2-5 mins in a video that could be stated in one sentence to be a major waste of time. No disrespect to therumpledone – I don’t watch anyone’s video offerings.
 

TheRumpledOne

Senior member
2,165 77
http://youtu.be/ER-QKWD6fp8



 
M

member275544

0 0
Its an average, an average of the data points within that time period.
An average of a daily chart has fewer price points on which to calculate that average, the hourly has more, and yes the price is the same, but unless you never went to school, you shouldn't be surprised to have a different value.

The question is about as pointless as wearing a cap indoors mate
 
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NVP

Legendary member
37,584 2,008
Perspective ?

keep the vids coming TRO.....you stir up the hornets nest every time ;)

N
 

TheRumpledOne

Senior member
2,165 77
Some of these responses are amusing.

I like to wear caps... I have many.

THERE IS NO TREND... TREND EXISTS ONLY IN THE MIND OF THE TRADER!
 

Vicorka

Active member
246 7
WHY DO YOU USE INDICATORS THAT CHANGE VALUES WHEN PERIOD CHANGES?

http://youtu.be/EA9zFPfqAhA

Strange question.

5 bars on 1-min charts cover the last 5 minutes.
5 bars on the 1-day chart covers 5 days.
Different price and volume values are used for indicator calculations. Respectfully different indicator's values should be expected.

You may have close indicator's readings (not exactly the same) when you switch time-frame If you change an indicator's setting by time-frame change ratio. Example: 50-bar SMA on 1 minute charts should be close to 10-bar SMA on 5-minute charts. However, it does not work with all indicators, especial with those that have volume and or volatility component in their calculations.
 

TheRumpledOne

Senior member
2,165 77
Strange? What makes it strange?
'
Charts are nothing more than data compression.

I sure hope you don't believe that somehow a 60 minute chart is different than a 1 minute chart when it comes to price!!
 

Forexmospherian

Legendary member
39,928 3,301
Also - dont forget every traders charts around the world - over 60 mins time frames - will have a different picture - ie candle or bar make up -as it will depend on what time zone your frames changes - ie is a new day 10pm US or 12 pm UK or one of 2 others

That's why when we use 4 hr charts - we dont all see the same patterns and things like pin bars etc etc as you can have 3 or is it 4 different times in a 24 hr day for candles/ bars to end and start as a new one.

Even Price is not seen the same on different chart platforms - there can be a 1- 3 pip difference according to time delay and brokers spreads etc - although if you are using 50 or 100 pip stops - thats the least of your worries ;-)
 

NVP

Legendary member
37,584 2,008
good points ............things are never what they seem ...........so dont be fooled
 

dazzer_fx

Active member
120 17
The Strangest thing is that you find the responses amusing when your posts are
hilarious.

Of course a 60min chart is different to a 1min chart and yes we all know that it
is the same data. BUT a chart is a visual representation of the timescale of that
data which also determines the timescale of your entry and exit. To say they
are the same is like telling an athlete that a sprint is the same as a marathon
and he should approach them the same.

Also, thanks for pointing out that when I see price bouncing of a trend-line
exactly 3 or 4 times it is only in my mind or coincidence, I've always wondered
why this was and yes before you say it I know it may not be a trend on another
time-frame.

Anyway, who cares why it happens as long as you can make money out of it,
keep the posts coming TRO they certainly keep me entertained.


Strange? What makes it strange?
'
Charts are nothing more than data compression.

I sure hope you don't believe that somehow a 60 minute chart is different than a 1 minute chart when it comes to price!!
 

TheRumpledOne

Senior member
2,165 77
The Strangest thing is that you find the responses amusing when your posts are
hilarious.

Of course a 60min chart is different to a 1min chart and yes we all know that it
is the same data. BUT a chart is a visual representation of the timescale of that
data which also determines the timescale of your entry and exit. To say they
are the same is like telling an athlete that a sprint is the same as a marathon
and he should approach them the same.

Also, thanks for pointing out that when I see price bouncing of a trend-line
exactly 3 or 4 times it is only in my mind or coincidence, I've always wondered
why this was and yes before you say it I know it may not be a trend on another
time-frame.

Anyway, who cares why it happens as long as you can make money out of it,
keep the posts coming TRO they certainly keep me entertained.

I am happy you're entertained.

Do you really think the chart time frame has anything to do with the outcome of your trade?
 
 
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