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Unsing named 5DMA in a condition. Rate this Topic:
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looseaverse
Posted : Thursday, June 13, 2013 2:03:47 PM
Registered User
Joined: 12/21/2010
Posts: 21

I create a 5 day moving average on charts of different times (5, 10, 30 min, etc.) .  These are of course calculated with different numbers of bars. 

When I create a condition 5 DMA > VWAP with a 10 minute bar interval, a question:

If I have that condition in a column of a watch list then then view charts at different bar intervals, 1m, 5m, 30m etc. Will the 5DMA be calculated as I have it on the 10 minute chart or as it is shown on the chart I am viewing (could be 1m, 5m, 15m, 30m etc.)?

I have seen some inconsistency in how this appears to be executed so that is why I am asking. 

 

PS:  It would be really good to have a way to edit conditions I create.  That way I could check if I made I mistake and also recall how I did it. 

 

 

Bruce_L
Posted : Thursday, June 13, 2013 2:11:44 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

The WatchList column uses the time frame set in the WatchList column. It does not use the time frame of the chart.

The default time frame of the WatchList Column will depend on the time frame of the chart used to create it, but you can change the time frame of the WatchList column to something else by right-clicking on the WatchList Column Header, selecting Edit Columns and changing the Time Frame setting.

Thank you for your suggestion.



-Bruce
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looseaverse
Posted : Thursday, June 13, 2013 4:58:16 PM
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Joined: 12/21/2010
Posts: 21

Bruce,

Thanks for the information.  Another bit of clarification please.

Considering the condition created from the 30 min chart, of " 5 DMA > VWAP".  Now the 5 DMA is the name I gave the 65 period SMA on the 30 minute chart.  On the 10 minute chart I also use the same name, 5 DMA, but actually is a 195 period SMA. 

If I change the period of a column having that condition, from 30 minutes to 10 minutes, is the 5 DMA executed with the 65 period (corresponding to 30 minute bars) or 195 period SMA (corresponding to the 10 minute bars)?

Thanks,

Jim.

Bruce_L
Posted : Thursday, June 13, 2013 5:09:41 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Calling something a 5 DMA does not necessarily make it so. The moving averages in the programs are done in bars, not for particular periods of time. So if you change the Time Frame from 30 minutes to 10 minutes, it will still use a 65-period moving average for the calculations.



-Bruce
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