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Trading and charting application Technician, launched in July this year, keeps enhancing its capabilities, with the latest improvement concerning technical analysis.
Now users of the app can plot moving averages based on bar intervals higher than their chart interval. They can then layer on multiple moving averages on the same chart.
The feature has been added to the DS Essentials toolkit, taking the total number of indicators in this package to 17.
The Multi-Timeframe Moving Average is implemented as an overlay in Technician. It will calculate and display a moving average using the bar interval, moving average type, length, and price source that users have selected. This enables them to plot moving averages based on a bar interval that is higher than the current chart interval.
If they do not specify a bar interval then the moving average will be calculated in the chart interval. Multiple moving averages can be loaded into the same chart.