Moving averages has been simple yet powerful tools and combination of these on co-ordinates of length/time frame can give us information on bullish/bearish and sideways market.
i have tried to look moving averages on time-frame dimension in this script rather than making combination of look back period length
script include type of moving average selection and plotting that on 5 user specified time frames. Allow repaint feature using security function has also been allowed in script.
Hi , Iam using the MTMA indicator and it is very useful in trading .. Can you pls explain the logic bcs when plot a another MA on the same chart all long with MTMA with same Time Frame in the time fame box it showing different level..
for ex... if i plot MTMA and moving avg indicator on Nifty on a 1min chart with 15mins time farm . Both show different level. pls help me to understand it..
And could pls help me in understanding what is paint and no paint checkbox on the indicator bcs they give opposite level..
for ex... if i plot MTMA and moving avg indicator on Nifty on a 1min chart with 15mins time farm . Both show different level. pls help me to understand it..
And could pls help me in understanding what is paint and no paint checkbox on the indicator bcs they give opposite level..