How to put a daily moving average on a monthly chart

Optuma Forums Optuma Scripting How to put a daily moving average on a monthly chart

This topic contains 0 replies, has 1 voice, and was last updated by Darren Darren 1 year, 7 months ago.

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    Darren
    Darren
    • Topics: 29
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    We have a tool available called Higher Time Moving Average which allows you to put a moving average on a chart that has been calculated off of a higher time frame, such as a weekly MA on a daily chart, or a monthly MA on a weekly chart.

    Using the Show Plot tool it’s possible to create a moving average based off a lower timeframe (ie a 200 day MA on a monthly chart) simply by changing the Timeframe option to Day:

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    MA(Day(PERIODAMOUNT=1), BARS=200, CALC=Close)

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    The same principal can be used for other tools and timeframes, such as a weekly RSI on a daily chart using the Show View tool:

    RSI(Week(PERIODAMOUNT=1), BARS=14)

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    Note that the RSI appears stepped as the weekly version only has one value which is being applied to 5 daily bars. Once created this weekly version can be dragged over the daily RSI (in blue) to be plotted in the same panel:

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