Hello trainers

Can I get from you what an 8ema on an hourly chart would be on a 5 minute chart. And what a 34ema on an hourly chart would be on the same 5 minute chart. Is there a  conversion formula I can use when I want to do this type conversion of moving average beween time frames? Regarda to all.

Typically its done by counts.

A daily 8 EMA is 8 bars.

A 30 min chart has 13 bars per day.

So a 104 EMA (8*13) on a 30 min chart is equivalent to a 8 EMA on a daily chart.

You could also use minutes.

8 EMA daily equals 3120 minutes. (8*390)

3120/30 min chart = EMA 104.

One problem with the hourly bar is it doesnt fit evenly into a trading day. (6.5 Hours)

Thanks

diceman,

I think counting would work for SMAs, and I haven't tried it on EMAs, but I think the EMAs would be close but slightly differnt due to the calculation alogorithm.

Maybe not enough to matter, but my guess ifs they will be different.

I'd try it in TC2000, but I'm busy watching TV.

LOL.

Oh they're all approximations.

It would be interesting to see the normal 8 daily EMA Bruce would normally write

using C, C1, C2 and so on.

Replace it with C, C13, C26, and so on. (each 30 min close should be what the daily is)

Put that on a 30min chart vs a 104 ema and see how well it does.

Thanks

Since Im not Bruce, he's the simple version.

(C+C13+C26+C39+C52+C65+C78+C91)/8

vs a 104 simple on the 30 min chart you can see it bounce above during

bullish periods, bounce below during bearish periods, and split the line

during flat periods.

Thanks

A great thank you to you, Diceman and UnclePennybags. Just the information I was looking for. Kind regards, Gian.

The discussion seems pretty much resolved, but just a note that an SMA and EMA of the same period have almost exactly the same lag and noise. The approximations created by multiplying the periods should both be of similar quality.

Yeah, Bruce ... diceman and I try our best to hold down the fort while you're yachting on the weekends. :)