TC2000.com• Download software • Tutorial videos • Subscription & data-feed pricing • Class schedule
TC2000Brokerage.com• New account application • Trading resources • Margin rates • Stock & option commissions
Worden Discussion Forum
Customer Training & Support
Ask a Trainer - TC2000 version 12/18
Fun with PPO Lines plotted as Histograms
Happy Tuesday Bruce,
I've been using the EMA 3 and EMA 8 a lot lately on charts, along with conditions & PCFs comparing their relative position to one another.
I have pretty much what I need for scanning, but ...
... as a visual aid on a chart (for the "eyeball scan" lol) I thought it might be helpful to take a PPO Line with a Short Period of 3 and a Long Period of 8, and plot it as a Histogram. Even better, it would have four colors.
Start by adding the Price Percent Oscillator (PPO) indicator to the charts and adjust its settings as follows.
Now overlay a Custom PCF Indicator into the same pane and scale as the PPO using the following settings.
IIF(XAVGC3 / XAVGC8 < XAVGC3.1 / XAVGC8.1, 100 * (XAVGC3 / XAVGC8 - 1), 1 / 0)
Awesome. Makes sense. Will try tonight. Thanks, Bruce!