Registered User
Joined: 12/31/2004
Posts: 14
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I am trying to set up an indicator which would give the % value of price above a certain Moving Average. e.g. Lets say Closing Price is $105 and 10 Day Moving Average is at 100. I am trying to set up an indicator which would tell me that closing price is 5% [(105-100)/100] above 10 day MA.
Could you please help? Thank you
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please try the following:
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Checked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because Smoothing Average is 1).
- Indicator Formula: 100 * C / AVGC10 - 100
You may wish to review the following:
Plotting Custom Indicators with Examples
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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