Registered User Joined: 3/8/2011 Posts: 3
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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
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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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
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Registered User Joined: 3/8/2011 Posts: 3
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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.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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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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