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Registered User
Joined: 3/9/2006
Posts: 1
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I can get to the custom indicatior window but am lost as to how to write the proper formula... thought I had it but go a single line rather than a channel...would appreciate any help...thanks
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Registered User
Joined: 1/28/2005
Posts: 6,049
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This is from memory.
Use Price Channel
Center line =: AVGC10
I think its:
AVGH11-AVGL11
Thanks
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Registered User
Joined: 4/3/2005
Posts: 1
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Right click
Add Indicator -> Custom -> Price Channel
You are probably doing the first one (indicator) rather than the 4th one (price channel).
The rest goes in just like the report said.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Right Click in the top window.
Choose CUSTOM then PRICE CHANNEL and use these settings:
Visible (checked)
Plot formula line (unchecked)
Smoothing Average (1)
Simple
Width Modifier (see below*)
Indicator Line Formula:
AVGC10
Channel Width Formula:
((h-l) +(h1-l1) +(h2-l2) +(h3-l3) +(h4-l4) +(h5-l5) +(h6-l6) +(h7-l7) +(h8-l8) +(h9-l9) +(h10-l10))/11
*the WR author does not specify the width. Start by using a width of 10 and increase or decrease the value to fit your sense of risk. The smaller the number the tighter the channel will be.
- Craig
Here to Help!
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Registered User
Joined: 1/14/2006
Posts: 436
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How does Sir Risk Adjuster define his risk reward ratio of 4:1, ie, how does he define his upside profit potential in dollars and how does he define his downside risk potential in dollars??
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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danielbender,
I don't know the answer to your question. After Mr. Worden publishes an article, many times other customers have questions that can only be answered by the author of the article. We do not give out anyone's email address or other personal information, rather, we will just forward their email on to the appropriate person. The individual may or may not choose to respond directly to you. You may send your email to support@worden.com to Sir Risk-Adjuster's attention.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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