 Gold Customer
Joined: 11/9/2009
Posts: 36
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How can i create this indicator on tc2000?
Please help
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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This is kind of what Keltner Channels are except that the moving average is of (H + L + C) / 3 instead of just of C.
If you want to use C instead, add a Custom PCF Channel Indicator to the chart. You will want to use the following settings in TC2000 v17.
- Period: Up to you (period of ATR and central moving average).
- Average Type: Up to you (type of moving average used for ATR and central moving average)..
- Width Multiplier: Up to you (number of ATRs above and below moving average).
- Indicator Line Formula: C
- Channel Width Formula: ATR1
You will want to use the following Channel Width Formula instead in earlier versions of TC2000.
- Channel Width Formula: (H - L + ABS(H - C1) + ABS(C1 - L)) / 2
-Bruce
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