Registered User
Joined: 10/27/2009
Posts: 4
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I saw the post for formula for both positive/negative CMS for user "celo" 6-09-2008.
First I presume that the code is correct. If so, how can I create two custom indicators.
Would the data delay for intraday trades be 20 minutes or faster within Telechart Platinum?
Any video training links be also be invaluable.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
As mentioned in my original response in Positive and Negative CMS Divergence Question, the formula just checks to make sure MS isn't at its highest value for the last 8-Periods and that the closing Price isn't at its lowest value for the last 8-Periods. If you have a different idea in mind for "positive/negative CMS", we would need to know the specifics to help you create something else.
The formulas are Boolean (True or False), so you would want to create Custom Percent True Indicators. The following video demonstrates the creation and use of Custom Percent True Indicators
Visually Backtesting Specific Symbols
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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