|There are actually multiple ways to do multiple
Let's use the specific example above of overlaying a
5-minute stochastics on a 1-minute chart. Let's further assume
that we are specifically after the "Fast %D" component of that 5-minute
Using Mixed Periodicity Data Indicator (MPD)
Once solution (and probably the most popular solution now days) would be
to use the Mixed Periodicity (MPD) indicator. You can access
additional information on MPD at:
We'll start with a simple 1-minute chart of TASR with the stochastics
indicator added in a second pane as seen below.
Now, click the "Add Indicator" button in the chart
toolbar (top right button) or hit the Insert key on your keyboard to
bring up the "Add Indicator" window. Select the MPD indicator from
the list on the left, and specify the settings similar to what you see
Note especially that the "Mix Periodicity" is checked
and set to 5-minutes, and the "Data Source" is set to "Indicator:
FASTD". Click on the "Indicator Preferences" button and specify
your preferred settings in the stochastics preference button that
The resulting MPD indicator will look something like the
green stepped line seen overlaying the 1-minute stochastics indicator in
the lower pane of the chart below. Since the indicator is built
using 5-minute data, the value will remain constant over 5 1-minute
bars...thus the stepped effect.
Using Mixed Periodicity Chart (Multiple Instruments)
The other solution would be use Mixed Periodicity charting: adding
multiple instruments to the same chart (using same symbol) with
different periodicities. You can learn more about Mixed
Periodicity charting by visiting here:
First, click the Add Instrument button on the chart
toolbar (top left button) or use the Shift-Insert keyboard combination,
to bring up the "Add Instrument" window. The window should already
be setup with the same symbol and periodicity as the chart. Change
the periodicity to 5-minute and your window should look something like
Now click the OK button and the 5-minute candles will be
added in a separate pane in the chart. As you would expect you
will only see 5 1-minute bars for every 1 5-minute bar (see chart at the
bottom). Now that you have both the 1- and 5-minute instruments
added to the chart, you can attach any indicator that you add to the
chart to either instrument. In our example, we will choose to
"associate" the Stochastics indicator to the 5-minute instrument, and
add it to the same pane as the existing 1-minute Stochastics indicator.
Notice the "Associated Instrument" and the "Add Indicator to Pane"
settings in the window below.
The resulting chart will look similar to the one below.
Notice the black 5-minute stochastics Fast %D line in the bottom pane
overlaying the 1-minute stochastics. If you would rather not see
the 5-minute candles at all, you may drag them into the upper pane with
the 1-minute candles, then double-click on candles to bring up the
preferences on them, and change the "Style" to "Invisible".