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Apply an Indicator to show lines for c(1.1) & a(1/15) & c(1.2) Rate this Topic:
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jprjr3
Posted : Sunday, January 8, 2017 6:53:54 PM
Registered User
Joined: 3/8/2011
Posts: 3

I wold like to build a custom indicator that shows the Close (or any other price) times 1.1 with a line. and at the same time, the Close times 1.5 with a line of another color, and also the Close times 1.2 with a line of a third color.

Seems pretty easy, but I am not sure how to make it happen.

Thanks

Bruce_L
Posted : Monday, January 9, 2017 10:52:02 AM


Worden Trainer

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

Add three Custom PCF Indicators to the same pane and scale as price with the following formulas.

First Custom PCF Indicator:

1.1 * C

Second Custom PCF Indicator:

1.2 * C

Third Custom PCF Indicator:

1.5 * C

How to add an indicator to a chart template
How to edit an Indicator
How to Overlay an Indicator



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
jprjr3
Posted : Thursday, January 19, 2017 12:32:49 AM
Registered User
Joined: 3/8/2011
Posts: 3

Thank you, Bruce L, for responding.

Let me clarify:

Based on some one given price (say, a specific close). I want to make an indicator that draws a horizotal line at 1.1 times the chosen price, at 1.15 times the chosen price, and at 1.2 times the chosen price.

Sorry for not being clear the first time, but I did learn some new things from your response.

Bruce_L
Posted : Thursday, January 19, 2017 9:26:09 AM


Worden Trainer

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

Well you can do three Custom PCF Indicators again.

First Custom PCF Indicator:

1.1 * (your chosen price)

Second Custom PCF Indicator:

1.15 * (your chosen price)

Third Custom PCF Indicator:

1.2 * (your chosen price)

The issue with this technique is that the lines would then show for every symbol.

The only way I can think of to get around this would be to use the Horizontal Line Drawing Tool. You can manually change the price after you have added the drawing tool and set it to only draw for a single symbol. But you would need to manually calculate 1.1, 1.15 and 1.2 times your chosen price and manually create all three lines.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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