Knowing the MACD changed on lower timeframe


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Evening Pete!  Thanks for the help before, I was able to figure out what I needed.

I wanted to know, if there is a way on the 5 min chart to create an arrow for when the 1 minute chart has a macd crossover.  I know ToS offers the MACDHistogramCrossOver, but i’m not sure of how to get it to apply to a differnt chart.

 

For example,  at 9/28 at 10:39am you’ll see a cross over on NFLX, what I would like is a for a 5 min candle to have a arrow on the 10:35=> 10:39:59 candle.

 

 

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Posted by (Questions: 2, Answers: 1)
Asked on October 1, 2023 5:10 pm
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I think this is an excellent question because it will help the rest of our viewers to understand the most essential element of accessing multiple time frame data on our charts.

And that most essential element is.... Multiple time frame analysis only works in one direction.

It is impossible to get any data onto your Thinkorswim charts from a lower time frame than what you have applied to the chart. There are other trading platforms which claim to provide access to lower time frame data. However that data is never 100% accurate. Why? Because the lower time frame data must be averaged before it can be brought up to the levels of the higher time frame applied the chart. I might be able to demonstrate this with some screenshots. But I hope my description was clear enough to help everyone understand the reason why this is just not feasible.

In summary, multiple time frame analysis only works in one direction. We can display data from a higher time frame on our charts, but never from the lower time frame.

If you think about how time based candles are aggregated, you will realize how silly it is to even consider this as being feasible. But don't feel bad. We all have to learn this fundamental concept at some point in our path of learning.

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Posted by (Questions: 37, Answers: 4091)
Answered on October 1, 2023 5:28 pm