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Date/Time: Sun, 24 Nov 2024 11:48:27 +0000



Unable to calculate an EMA from the Study/Price Overlay

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[2013-10-25 10:35:01]
altair - Posts: 8
Hello,

I have a daily chart (#4) and a 5-min chart (#2). I want to display the 20-EMA daily in the 5-min chart :

- I have added the Study/Price Overlay study on the 5-min chart, set to reference the chart #4 (then, the daily bars are correctly displayed in region 2)
- I have added the Moving Average Exponential to the 5-min chart, setting "Based On" on the daily bars.

The daily 20-EMA is something like 4220. But on the 5min chart, the values are not good at all : 7, 10, 300. And the value change at each 5-min bar !...

I must miss something obvious but can't figure what it is.

Thanks.
[2013-10-25 15:24:12]
vegasfoster - Posts: 444
I am pretty sure you have to apply the 20-EMA to the daily chart and then overlay the Daily 20-EMA on the 5 minute chart. If you want to see the daily chart on the 5 minute chart, then you can still overlay that as well.
[2013-10-25 15:34:49]
Sawtooth - Posts: 4118
The EMA of the overlaid daily bars on the 5 min chart will use the 5 min bars for the Length.

Put the EMA on the daily chart and add another Study/Price Overlay study to the 5 min chart to bring over the daily EMA.
[2013-10-25 17:23:17]
Sierra Chart Engineering - Posts: 104368
Post #2 and 3 are correct. You need to put the Exponential moving average on the Daily chart and then overlay it onto your 5 minute chart.
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[2013-10-25 18:24:58]
altair - Posts: 8
Done. Thank you all.

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