daily SMA on intraday chart

[bigdec]

Hi Jerry,

Would be nice to be able to put a  dsma on a intraday chart as a  line with an alert

 

[Jerry Medved]

we plan to add alerts on indicators in the future.

 

[bigdec]

hi Jerry,

the point is not  the alert ..It is the ability to put a daily simple moving average on a intraday chart

 

Edited February 20, 2016 by bigdec

[Mike Medved]

bigdec: what does "daily SMA" mean in this case? MT can show you a lot of days of data on intraday charts. A session for a stock is 6.5h = 390 minutes. If you do SMA(1170) on a 1-min chart, that would be a "3 day SMA". If you have 20 or so days on your chart, that SMA would be pretty accurate.

[bigdec]

Hi Jerry,

 

the most watched daily sma's are the 50  and the 200...that is why i'm asking for that feature....the 50 and the 200 daily sma could be an horizontal line on the intraday chart

it is a very valuable indicator in TOS.>>> Dailysma in TOS

 

Edited February 20, 2016 by bigdec

[Mike Medved]

bigdec: here's the problem: where will MT get that info?

 

Granted, if there is up-to-date historical data stored for the symbol, it could be calculated from that. But there is absolutely no guarantee that there is.

[bigdec]

Hi Mike,

the indicator posts the value of the lets say the 50 daily sma and the 200 sma like you put pivot points on an intraday chart,the value of those sma's is the value from the day before...doesn't have to be exact to the current day.

 

[Mike Medved]

bigdec, the question I posed was: where would MT take the value of the 50 daily SMA from? It cannot calculate it from the intraday data. It can only calculate it from the historical data for the symbol, and there is no guarantee that the historical data is there or that it is up to date. If you never opened a historical chart for the symbol, and never backfilled on the historical chart, or if you did that, but a few days ago and not since, MT would have no way to calculate the value.

 

What *you* could do, if you wanted to, would be to open a historical chart for the symbol, put a 50 day SMA on it, note the value, then put a horizontal line indicator on the intraday chart with that value. Yes, it is a bit of work, but you would only have to do that once per day.