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For example, if you want 2 different VisualEMA's on the chart, just right click and add the indicator (again), just like you did when adding the first indicator.
Update the 2nd VisualEMA parameters as desired ... all "duplicate" indicators & parameters are kept separate, and display separately on the chart, as you would expect.
I trade on a 2-6-2 RenkoChart and want to add EMAs from 4-12-4 to my Indicator.
So I can have only one chart on my screen
Here I have it on TickChart 233 to display both Tick 233 and 699
In that case there is an easy approximation that you can use.
Simply add a second EMA to your chart and quadruple the period. For example, if you wish to display an EMA(20) calculated from 4-12-4 Unirenko Charts, you may simply add an EMA(80) calculated from the chart bars.
Why do I suggest to use a factor 4?
On a minute chart or a tick chart, when doubling the chart period, you may simply double the indicator period instead. For example if you want to use an hourly EMA(20) on a 30 minute chart, you may simply use an EMA(40) on the 30 minute chart. Although this EMA(40) is not identical with the hourly EMA(20), it comes close enough. This approach does not work with all types of moving averages, but it works very well with SMAs and EMAs, as long as you apply them to time-based charts (daily, minute, second chart), tick charts and volume charts.
With range or renko bars this approach does not work, because 2 smaller range or renko bars will not make up for a larger range or renko bar, which is due to the overlap. However, you may use the rule that ranges are approximately proportional to the square root of time. Applying this rule means that you need to take approximately four bars to construct a "double period" range or Renko bar. Although this method is not at all exact, it is good for all practical purposes, if you wish to use a higher time frame trend.
Also a larger period EMA applied to the primary bars is much more robust than a complex multi-timeframe calculation. The CPU load is considerably reduced by chosing the way of simplicity.
So this is your solution: Simply apply an EMA to your 2-6-2 Renko bars and quadruple the indicator period. The resulting higher timeframe EMA comes close to your EMA calculated from 4-12-4 Renko bars and will be fit for all purposes.
First of all, I would like to Thank You for all the Indicators, your valuable knowledge to solve all User queries & this helpful Platform.
I have got many of my queries solved by searching through the posts where you shared your knowledge and explained ways to achieve the results.
I have a query for TSSupertrend Indicator for Ninjatrader 8 and would like to see same output results in amaSuperTrendU11 in Ninjatrader 8.
Can you please help me out to achieve similar results in amaSuperTrend11 / basically I want to replicate TSSupertrend results in amaSuperTrendU11
I tried a lot with parameters but I am not getting similar results. Many a times - amaSuperTrendU11 is always 2-4 bars behind in showing results similar to TSSupertrend.
Right now using the following parameters in TSSupertrend:
Supertrend mode : ATR
Period : 14
Multiplier : 3.2 Moving Average Type : HMA
Smooth : 14
Parameters Tried in amaSuperTrendU11 to get results // output similar to TSSupertrend:
Baseline Smoothing : HMA / tried other options
Offset formula : True_Range
Offset Smoothing : Wilder / trid other options
Baseline Period : 14 / tried from 5 to 15
Offset period : 14 tried from 10 to 15
Offset multiplier : 3.2 / tried from 2.5 to 3.2
@kashyapjdave: Please post your questions in an appropriate thread. This thread is about multi-timeframe indicators that use data from higher timeframe bars. The SuperTrend has nothing to do with coding multi-timeframe indicators.
Please search for "anaSuperTrend", and you will easily find a few threads that match the subject.
I have therefore taken the liberty to answer your question in a different place. You will find my answer here: