Objective: Display Daily indicator values on an Intraday chart. Test with a simple n-period moving average. This indicator is a move towards my goal to merge indicators from multiple timeframes on an intraday chart to spot opportunities while day trading.
Daily MA on 15 Min Intraday Chart
Daily MA on Daily Chart
Both charts display the Dialy MA(3) in blue and MA(10) in red based on the Close of the previous session.
The Daily chart indicators have a displacement of -1 which basically shifts the plot 1 period to the right. This is necessary in order to match the plot values on the intraday chart. The Daily MA generally includes the close of the current bar in the calculation – but we don’t have this luxury on an intraday chart since we don’t know what the close of the current session will be. So, instead, our calculation begins with the close of the previous session.
The source code for this simple proof is below:
This concept could be modified to plot any daily indicator. Please let me know if you have a suggestion.
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