Download software Tutorial videos
Subscription & data-feed pricing Class schedule


New account application Trading resources
Margin rates Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Custom Indicator Question Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
PRSC24
Posted : Saturday, February 12, 2011 2:31:22 PM
Registered User
Joined: 3/31/2005
Posts: 17

This has probably only been asked thousands of times but that will make this one easy for you to answer.

I have never looked at the custom indicator and for fun I just put in a 5 day moving average based on the close in the upper window: (c+c1+c2+c3+c4)/5.  And, by gosh there’s the line on the chart.

Next, I added the default 5 day moving average. 

Question:  Why are the depicted lines on the chart so different while the calculated numbers appearing in the pop up box (double click the period key) the same?  For instance, IOC on 11/30/10 has both the default 5 DMA number and the custom number at 76.63.  However, the displayed lines are not the same.  The Worden 5 DMA appears right on but the custom line is at approximately 78.

Thank you.

 

PRSC24
Posted : Saturday, February 12, 2011 3:06:58 PM
Registered User
Joined: 3/31/2005
Posts: 17

I see that if I check the "Plot using price scale" the lines magically come together.  Please disregard ill informed question.

Bruce_L
Posted : Monday, February 14, 2011 9:15:20 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
I'm happy to read you were able to figure it out on your own.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.