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Worden Discussion Forum » General Discussions » TC2000 version 12 or 18 » Envelope for MA

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sinedanat
Posted : Saturday, December 27, 2014 7:15:18 AM
Registered User
Joined: 9/19/2014
Posts: 8

Hi,

How can I plot an indicator like "envelope" for EMA ?

Red line is 21EMA.

Green and blue lines are ones shifted by 10 points from 21EMA.

 

Thanks in advance!

 
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Bruce_L
Posted : Tuesday, January 6, 2015 2:30:28 PM


Worden Trainer

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

If by pips you mean a fixed value distance (it would appear to be 0.0001 on the chart), then best way to do this would be with a Custom PCF Channel Indicator.

Custom PCF Indicators

- Period: 21
- Average Type: Exponential
- Width Multiplier: 10.00
- Indicator Line Formula: C
- Channel Width Formula: 0.0001
- Plot Center Line: Checked

Note the Width Multiplier is the number of pips and the Channel Width Fomrula is the size of each pip.


-Bruce
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