Multitime frame indicator- wrong value

• 04/22/2021 at 8:20 AM #167753
  pavix

  Hello

  See attached :
  – the value of the ADX in the timeframe 4hours (on the left) is different from the calculated 4h ADX indicator under the 15min timeframe

  the code is quite simple

  timeframe(4hours, default) a1 =adx[8] return

  1 2 3

  timeframe(4hours, default) a1 =adx[8] return

  The variable “8” is the same in both timeframes, and it seems, according to the “steps” under the 15min timeframe that the indicator follows the same 4h period.

  How to get the correct version of ADX 4h in the 15min timeframe ?

  thank you in advance

  

  pavix

  Participant

  Topics: 15

  Replies: 35

  Been thanked: 2 times
  04/22/2021 at 8:52 AM #167757
  Vonasi

  It is most likely for the same reasons as described in the answers to this post.

  https://www.prorealcode.com/topic/multi-timeframe-mtf-indicators-for-prorealtime/page/4/#post-162444

  1 user thanked author for this post.

  pavix

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1811 times
  04/22/2021 at 9:05 AM #167759
  pavix

  Vonasi wrote:

  It is most likely for the same reasons as described in the answers to this post.

  https://www.prorealcode.com/topic/multi-timeframe-mtf-indicators-for-prorealtime/page/4/#post-162444

  Thank you a lot.
  Sorry, I have however read (too quickly obviously) this topic….

  so the answer would be, as per Nicolas :
  Expand the units displayed of the 5-minutes TF chart, in order to get the necessary data to calculate the historical volatility of the daily timeframe.

  and it works !!!!

  thank you everyone

  

  pavix

  Participant

  Topics: 15

  Replies: 35

  Been thanked: 2 times
• Author
  Posts