I need some help creating two formulas to be part of an easy scan. Now I will admit I have never comprehended even simple programming so this probably is not difficult but it is beyond me.

 

I am using these two formulas for a Price Channel:

 

Indicator Line Formula:

(MAXH22+ MINL22) / 2

 

Channel Width Formula:

(MAXH22 - MINL22) / 6

 

Smoothing average= 1

Width Multiplier= 28

Exponential

 

What I need is to create two formulas to add to different easy scans.

 

1)      Select stocks which have closed above the price channel.

2)      Select stocks which have closed below the price channel.

 

 

I have watched just about every training video I could find and did not find anything that would give a clear idea how to do this. If there is one I would probably still not understand the programming.

 

So if you could please just spell out the formulas for this I would really appreciate it.

 

Thanks

Thanks a lot.

I Really Appreciate it.

 

I do have a suggestion.

 

Even a programming illiterate like me can usually figure out how to modify the periods in a formula that does about what they are looking for. From looking at the posts many people ask variations of the same questions and are looking for many of the same things.

 

It would be great if you guys would assemble a pdf file with a compilation of the pcf’s you have posted with a short explanation of what they do. It would probably save you guys the trouble of answering the same questions over and over again.