I just have to say this..
I trade off of lots of charts of the same instrument.. basically I pull up a daily and work out the best MA that will suit so that price typically will bounce off and when it penetrates it will typically keep going. I do this with hourly charts too and a couple of different minute lengths. Then I do the same with a tick chart. As you could imagine it is difficult to watch them all and get an idea if price here is likely to break through an MA over there.
So here is what I did.
I set up a new 5 minute chart and 233 tick chart to display data on the exact same window- I set the bars of the tick to transparent- to avoid clutter. Then I just pulled in all my MA's from the different time lengths...
The daily MA I wanted when switched to a 5 minute chart becomes - wait for it- a 41472 moving average!
The hourly becomes a 7320 moving average!
I set them separate easily identifiable colours and shapes.
Last night the trading was Sweet! 1 chart, confusing for a little while - especially my longterm stochastic overlay... Yeah.
NT7 handles the whole thing beautifully.
Crazy or a stroke of genius?
raycam
I trade off of lots of charts of the same instrument.. basically I pull up a daily and work out the best MA that will suit so that price typically will bounce off and when it penetrates it will typically keep going. I do this with hourly charts too and a couple of different minute lengths. Then I do the same with a tick chart. As you could imagine it is difficult to watch them all and get an idea if price here is likely to break through an MA over there.
So here is what I did.
I set up a new 5 minute chart and 233 tick chart to display data on the exact same window- I set the bars of the tick to transparent- to avoid clutter. Then I just pulled in all my MA's from the different time lengths...
The daily MA I wanted when switched to a 5 minute chart becomes - wait for it- a 41472 moving average!
The hourly becomes a 7320 moving average!
I set them separate easily identifiable colours and shapes.
Last night the trading was Sweet! 1 chart, confusing for a little while - especially my longterm stochastic overlay... Yeah.
NT7 handles the whole thing beautifully.
Crazy or a stroke of genius?
raycam
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