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Elder's Market Thermometer Question Rate this Topic:
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Nashville
Posted : Friday, March 16, 2012 12:22:11 PM
Registered User
Joined: 2/28/2009
Posts: 11

Hello Bruce!

I have a question for you.

I programmed an Elder's Market Thermometer: ((ABS(H-H1) >= ABS(L1-L))*-1)*(ABS(H-H1)) + ((ABS(L1-L) > ABS(H-H1))*-1)*(ABS(L1-L))

Now I need to get the 22 period EMA of the Market thermometer on the same chart. How would program this?

Thanks! Brit in Nashville.

Bruce_L
Posted : Friday, March 16, 2012 12:29:35 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I certainly wouldn't create another formula if what you want to do is add it to the chart. I would just add a Moving Average to the Elder's Market Thermometer indicator and then click on the Moving Average to edit it to be a 22-Period Exponential Moving Average.



-Bruce
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Nashville
Posted : Friday, March 16, 2012 12:35:07 PM
Registered User
Joined: 2/28/2009
Posts: 11

QUOTE (Bruce_L)

I certainly wouldn't create another formula if what you want to do is add it to the chart. I would just add a Moving Average to the Elder's Market Thermometer indicator and then click on the Moving Average to edit it to be a 22-Period Exponential Moving Average.

Actually what I need to do is to put the 22 period EMA of the Market Thermometer on the same indicator screen (below the chart) as the Market Thermometer itself. Hope this makes sense! How would can you tell the coding for this?

Thanks!

Bruce_L
Posted : Friday, March 16, 2012 12:45:17 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I still wouldn't create a formula for this. The Custom PCF Indicator has Period and Average Type settings. Adjust the Period to 22 and the Average Type to Exponential.



-Bruce
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