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Registered User
Joined: 10/7/2004
Posts: 5
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Hello wonderful Worden Trainers,
I have both SF and TC2000. I want to add the indicators Force Index, Elder Ray Bull Power and Elder Ray Bear Power to my TC2000 charts. (These indicators are all available in SF, but I do not want to open StockFinder at the same time when I am running TC2000). Can you help so I can add these Elder indicators in TC2000? Thank you very much.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please try the following to Plot Elder Ray Bull Power:
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Checked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: H - XAVGC11
And the following to Plot Elder Ray Bear Power:
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Checked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: L - XAVGC11
And the following for the Elder Force Index:
- Visible: Checked
- Center Zero Line: Checked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: V * (C - C1)
You will probably want to add 2-Period and 13-Period Exponential Moving Averages to the Elder Force Index as Child Indicators. You may wish to review the following:
Plotting Custom Indicators with Examples
Dr. Alexander Elder's "Elder-Ray"
Force Index
Handy PCF example formulas to help you learn the syntax of PCFs!
PCF Formula Descriptions
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 5
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Helo Bruce,
Thanks for your help. I was able to plot the Force Index and both Elder Ray indicators in my TC2000.
Right now, the indicators are shown in only one color, regardless of whether the indicator is above or below the zero line.
Can you also show me how to color those plots that go below the zero line as RED, and those above the zero line as GREEN, just like in my Stock Finder?
Thanks for your help!
Phil
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I do not know of a way to do so. Custom Indicators in the current version of TeleChart are always Line Plots and always of a single color. While it is possible to create two Custom Indicator for an Indicator with Center Zero Line checked and create one Indicator of one color that only Plots when above zero and another Indicator using a different color that only Plots when below zero, the Scaling for the two Indicators will not generally match.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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