Platinum Customer
Joined: 5/28/2014 Posts: 3
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Hello Bruce. I dont know if you are familiar with the Didi index, or Didi needle(they are the same). I am trying to create an indicator:
simple moving averages of 3, 8 and 20 periods.
the sma of 8 is ploted as a horizontal line (0 axis).
Then I would like to create a scan condition where al of the indicadors cross each other together at the same point ( the sma 8, hence the neddle. ) Or very close to it.
Thank you!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Add two Price Percent Oscillater (PPO) indicators (not the Histogram version) to the same pane and scale.
Set the Average Type to simple for both PPO indicators to Simple. Set the Long of both PPO indicators to 8. Set the Short of one of the PPO indicators to 3 and the Short of the other PPO Indicator to 20.
Adding and Moving Indicators (7:19)
Indicator Scaling (2:38)
This should plot the Didi Index (or Didi Needle) indicator on the chart.
A Condition Formula for all of the lines crossing at the same point could be written as follows.
SGN(AVGC3 - AVGC8) <> SGN(AVGC3.1 - AVGC8.1) AND SGN(AVGC3 - AVGC20) <> SGN(AVGC3.1 - AVGC20.1) AND SGN(AVGC8 - AVGC20) <> SGN(AVGC8.1 - AVGC20.1)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Platinum Customer
Joined: 5/28/2014 Posts: 3
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Thank you! Testing now!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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