Moving Average on Lower Chart

[lee-I-O=coke-A]

Is it possible to create an indicator for the LOWER level that consists of bollinger band, RSI 14 & ema34 all combined into ONE indicator. Thanks for your assistance.

 

[BenTen]

Not possible because they create scaling issues. It's like mixing water with oil.

 

[lee-I-O=coke-A]

benten, thanks for your reply. What do you mean by scaling issues, can you give an example.

 

[BenTen]

@lee-I-O=coke-A Simple, just drag all of those 3 studies you mentioned into one section (either upper or lower study) and you will see.

 

[MerryDay]

@lee-I-O=coke-A , Have you looked at @horserider's Ultimate RSI? There are two RSIs and bands. RSI crossing over the BB midline and/or crossing 50 is the basis of my tracking bullish trends combined with the SMIs in the IronRod SMI Histogram (see post#14), and the Hull MA in @mashume's Hull MA Turning Points and Concavity. They are a great basis for any trending strategy.

 

[cookeisdevin2]

edit

 

[spencepuppy]

Combining 3 indicators:
Directional Movement Indicator (ADX, DX+, DX-)
On Balance Volume (with a Simple Moving Average 100 inside of it)

Where the DX+ and the DX- cross, AND the 100 SMA inside of the OBV crosses below and starts to turn up, that's where I want to make a scanner to look for those situations for long term trend entries.

The problem I have been facing is that the OBV is relative to the time frame and the amount of candles on screen, so look, zoomed out this far, the SMA still has a ways to go before it touches the OBV, as you can see:

But the problem is that when I try using a scanner to look for these situations as I've stated, it triggers like every 5 minutes because as you can see, if I zoom into the chart, it looks like this:

So the question I have is, is it possible to create a scanner where the number of candles on screen is taken into account so I don't get false readings like this?

The strategy works very well for trading when combined with Ichimoku and RSI, but it would be so good to be able to scan for these situations.

Any help would be appreciated

This is my problem with obv too!

 

[tradebyday]

@2laggy4life @spencepuppy That is a scaling issue, much like what @BenTen mentioned above. Your moving average on the lower chart with OBV is tied to the price data, not tied to the data of the OBV itself. You would have to code the moving average into the OBV code (with some small modifications to the code for the moving average) in order to tie the two together and stay consistent even when you zoom in

 

[XeoNoX]

the best you can try is the realsize if you want to superimpose
https://tlc.thinkorswim.com/center/reference/thinkScript/Declarations/real-size

 

[Namor]

How does one plot a moving average of the DMI (Wilder) indicator?

 

[Grateful2Bhere]

New and I've been reading and reviewing previous interesting posts, Could and would you please post a DIMinus as a moving average? Or post the script of what line of thinking your were in when you posted your above reply? Thank you. As able and have a great day trading.
Grateful2Bhere

 

[MerryDay]

@Namor @Grateful2Bhere Read through this thread, look at the screenshots. It explains why putting moving averages on lower charts is known as mixing oil and water.