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Originally Posted by deepdrunk
sorry for last post i did not see you want to plot ema 50 from 30 min in 5 min chart
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Hi Deepdrunk, thanks for your input. Yeah, if we don't work with the same price data of CatFX50 (as in the 30 minute version) then this 5 minute version will not be reflecting the same method.
Leaving the EMA at 50, it would then become an EMA 8.33 in the 5 minute version. The EMA50 used in the 30 minute version looks at the price data 25 hours into the past to make its calculations. If left at 50, the EMA for the 5 minute version will only be looking into the past about 4 hours and 20 minutes (5 minutes x 50).
I think this is a very fundamental distinction. The use of the EMA 50 by Nina came very well documented from much observation, maybe years. Leaving the 5 minute version at 50 means it will not be operating on the same price data.
moneyline