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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Plotting multiple moving averages

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nichi4589
Posted : Tuesday, May 9, 2006 10:24:56 PM
Gold Customer Gold Customer

Joined: 3/6/2005
Posts: 5
 Hello, I was wondering is there a way to plot 3 moving averages based on the stock high, low, and close on a single price chart. Any help would be greatly appreciated. Thanks
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Doug_H
Posted : Tuesday, May 9, 2006 10:30:34 PM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
 Sure! I'm going to assume you know how to plot a regular moving average, which is based on the close. If not, you'll want to watch the following video:

Adding, removing and saving indicators to a chart template

For the MA's based on high and low, you'll need to create a custom indicator. The formulas are as follows (and I'll assume a 20 bar moving average...you can make it what you want):

20 Bar Moving Average of Highs
AVGH20

20 Bar Moving Averag of Lows
AVGL20

When you plot these custom indicators, make sure to check the Use Price Scale box. If you're unfamiliar with setting up custom indicators, please watch this training video:

Plotting Custom Indicators with Examples
- Doug
Teaching Online!
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