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Thanks Bruce, for clariying. Have a nice weekend. Chris
Many thanks Bruce - I'll give it a try.
I'm not sure about this, but wasn't there a way to make a condition (like the compound condition I created with the Fisher/SMI/StochRSI) into an indicator without re-writing it?
Would it be possible to have the same type of histogramm indicator just for the 7-period Aroon Oscillator, whereby a +1 histo bar would symbolize an oscillator reading >+70 and a -1 histo bar would mean <-70.? In this case only these two states +1 and -1.
I made an indicator using "Create Condition" which is:
- The Fisher Transform (5 period) from the source below:
- The SMI Ergodic Oscillator (7, 13, 5) which itself is sourced from:
- The StochRSI (7, 7, 3)
I drew the 0 line for the Fisher but would like to create a histogram (+1 to -1) in order to be able to chart (a) when the Fisher crosses the 0 Line up (= +1 histo bar), and (b) when the Fisher crosses the 0 line down (-1), with no values in between. So this histogram is either at +1, 0 (if no cross) or -1.
Could you help me with the formula for charting this histogram for the existing (compound) indicator (Fisher, SMI Ergo, StochRSI)?
Thanks very much and kind regards,
Sorry, I see you've taken that into account. Thanks for all your help. Chris
Thanks much Bruce,
I may have noticed something in your formula:
The Spread (BBBOT - EMA13 uses 0.2, 20 for the BB). However the Spread is the source of a 'second' BB which uses the different parameters 0.55 and 21.
It is within the bottom to the center line of this second BB that we are looking to find the EMA13, and if present, it should be lower today than 3 bars ago.
I'm seeing pretty consistent 0.2 bandwidth parameters?
Thanks Bruce, I understand now, had overlooked the +- on the Bollinger formula.
Have another formula you might help me with:
I would like to stipulate in one PCF formula:
- Exponential Bollinger Bands (0.55, 21) are sourced from the spread BBBOT(0.2, 20) - XAVGC13
- There is an XAVGC13 below the center line and above the lower band of the exponential BB(0.55, 21)
- This XAVGC13 is lower today than it was 3 bars ago
Many thanks for your help, Bruce.
I've been looking at thos two formulas and can see that the Keltner Upper and Lower channels are specified by the +/- xxx ATRs.
What I don't see offhand is a differentiation of the BBTOP and BBBOT.
In condition #1 need the BBTOP to be below the KB Top, and in #2 the BBBOT to be above the KBBottom.
Is there a way to write the PCF using BBTOP(2,20), BBBOT(2,20), KCTOP(1.3,16) and KCBOTTOM(1.3,16)?
Thanks for your insight. Kind regards,
Thanks a lot Bruce, appreciate your help.
Any way I can tie these two together into one PCF? Using AND?