#twitter-follow { border: 0;position: fixed; top: 240px; left:0;} #live-support { border: 0;position: fixed; top: 370px; left:0;} #knowledge-base { border: 0;position: fixed; top: 170px; left:0;}

 Difficulty All Easy Intermediate Advanced Section All Application Charting Indicators Watchlist Screener Downloader Composite Analysis Simulator Portfolio Pivot Table Artificial Intelligence
How to plot a stock using different periods in the same chart

Updated on 2012-06-28 10:50:31

This article will show you how to display the same stock or security on two different panes where each pane uses its own period.

Steps:

- Open a new chart then create a new pane
- Right click on the second pane then select "Edit Formula"
- Type the following formula then click on "Update Graph"

period = 3600; // One hour (3600 seconds)
close1 = TimeframeCompress(TimeframeGetSeries(period, close, LastData));
open1 = TimeframeCompress(TimeframeGetSeries(period, open, LastData));
high1 = TimeframeCompress(TimeframeGetSeries(period, high, LastData));
low1 = TimeframeCompress(TimeframeGetSeries(period, low, LastData));

PlotCandleStick1(open1, high1, low1, close1, "Timeframe: ".period, colorBlack, StyleSymbolNone);

If your have an intraday period in your chart then this formula will plot a one-hour Japanese candlestick graph.

The first line gets the period in seconds (1h = 60 * 60 = 3600 seconds)
The four next lines calculate the close, open, high, low fields in the new time frame. This is achieved by getting the new period data using "TimeframeGetSeries" then compressing it with "TimeframeCompress".
More info about this can be found here: Technical Analysis Using Multiple Timeframes

Finally, the last line plots the Japanese candlestick graph using the special function "PlotCandleStick1".

 no reviews (Log in)

 Other how-to articles

 Support Contact Us Trading Forum How-to Lessons Manual Company About Us Privacy Terms of Use Copyright © 2024 QuantShare.com Social Media Follow us on Facebook Follow us on Twitter

Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.