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Can you scan for 60 minutes time frames
Is it possible to scan for 60 minutes candles?
_Intraday: Can I scan for all the stocks - whose last 1 (or last 2 or 3..) 60 minutes candles were either Green or Red?
-Last Close: Can I scan for all the stocks - whose last 1 (or last 2 or 3..) 60 minutes candles were either Green or Red?
Ofcourse this varies for every indicator out there. SMA is a simple indicator so the time ratio may work close enough, If the same principle applied on RSI, it may not. If you have the time to spend and understand the math behind, you can get a close approximation of Hourly Behavior on Daily chart.
Ask yourself this question, "DO I NEED TO GO THROUGH THIS EFFORT ?" and "HOW THE PAYBACK LOOKS?" If you still want to pursue, go for it. Personally, I have done this for certain Strategies, It has paid me well.