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docquinn1
Posted : Friday, April 30, 2010 12:31:23 AM
Registered User
Joined: 2/25/2005
Posts: 4
 Can anyone please help me write a formula for  a price channel that is similar to the one used on "Big Charts"? Actually, I need two, one for the top channel and one for the lower channel. Thank you, Jerome
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Bruce_L
Posted : Friday, April 30, 2010 9:06:08 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:

If you are new to TeleChart READ THIS FIRST!

Please try the following to create 20-Period Donchian Channels:

Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchceked
- Plot using price scale: Checked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: MAXH20.1

Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchceked
- Plot using price scale: Checked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: MINL20.1

You may wish to review the following:

Plotting Custom Indicators with Examples
PCF Formula Descriptions
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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docquinn1
Posted : Friday, April 30, 2010 1:43:42 PM
Registered User
Joined: 2/25/2005
Posts: 4
 You're the MAN, Bruce. Thank you very much. I have constructed the constructed the formula and now have a Price Channel Indicator on my chart. Thank you. Jerome
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Bruce_L
Posted : Friday, April 30, 2010 1:45:21 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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palediver
Posted : Wednesday, June 9, 2010 10:20:54 PM
Gold Customer Gold Customer

Joined: 2/21/2005
Posts: 2
 Bruce, Is there a way to track the midpoint between the upper and lower channels?
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StockGuy
Posted : Wednesday, June 9, 2010 10:36:57 PM

Administration

Joined: 9/30/2004
Posts: 9,187

Folow the same instructions above but for the Formula use the following:

(MAXH20.1 + MINL20.1) / 2
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palediver
Posted : Thursday, June 10, 2010 10:00:01 AM
Gold Customer Gold Customer

Joined: 2/21/2005
Posts: 2
 Thanks very much.  I guess that wasn't too difficult :)  Wish I wasn't so math challenged. 
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