Registered User
Joined: 10/7/2007
Posts: 13
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Hi,
Can you help me create an indicator?
The indicator would be the following:
(average range of the last 6 monthly candles)/ (average range of the last 30 dayly candles)
or
the average of (the monthly high - monthly low) for the last 6 months devided by the average of (the daily high - daily low of the last 30 days),
Thx
Vincent
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You may wish to try creating the following Custom Indicator an a Daily Chart in TeleChart:
(average range of the last 6 monthly candles)/ (average range of the last 30 dayly candles)
Select Chart Template | Add Indicator | Indicator.
-Visible: Checked
-Center Zero Line: Unchecked
-Plot Using Price Scale: Unchecked
-Smoothing Average: 1
-Smoothing Type: Doesn't matter (because the Smoothing Average is 1)
-Indicator Formula: (MAXH21 + MAXH21.21 + MAXH21.42 + MAXH21.63 + MAXH21.84 + MAXH21.105 - MINL21 - MINL21.21 MINL21.42 - MINL21.63 - MINL21.84 - MINL21.105) / 6 / (AVGH30 - AVGL30 + .00001)
You may wish to review the following:
Plotting Custom Indicators with Examples
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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