Registered User Joined: 5/1/2011 Posts: 5
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Just wondering if there was any way to plot/create a formula for swing trade levels as outlined in swingtraderguide.com. This would be the high of the last 60 days plus the low divided by 2 for the median and then levels in increments of 5% above and below that.
Thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Select Add Indicator and chooset Custom PCF Channel Indicator from the list. You will want to click on the Custom PCF Channel Indicator to use the following settings:
- Period: 1
- Average Type: Simple
- Width Multiplier: 5.00
- Indicator Line Formula: (MAXH60 + MINL60) / 2
- Channel Width Formula: (MAXH60 + MINL60) / 200
- Plot Centerline: Checked
If you wanted to add more lines, you would add another copy of the Custom PCF Channel Indicator, but set the Width Multiplier to the desired percentage above and below the centerline. Plot Centerline only needs to be checked for one of the Custom PCF Channel Indicators.
Adding and Moving Indicators
-Bruce Personal Criteria Formulas TC2000 Support Articles
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