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Daily custom indicator in 3min chart Rate this Topic:
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ciddan
Posted : Wednesday, September 3, 2014 12:51:30 AM
Registered User
Joined: 10/17/2011
Posts: 12

Hi,

I have created an indicator using daily data which looks at the distance between opening price and low of the day over the last 30 days, builds an average of that and substracts it from today's open.

Now I would like to open a 3-min chart and use that price as a horizontal line in my 3-min chart as some form of support line. Is that possible? Currently, if I plot my custom indicator, instead of using daily data it then switches automatically to 3-min data and this becomes sort of a moving average.

This is my formula:

O -( ( (O1-L1)+(O2-L2)+(O3-L3)+(O4-L4)+(O5-L5)+(O6-L6)+(O7-L7)+(O8-L8)+(O9-L9)+(O10-L10) + 
 (O11-L11)+(O12-L12)+(O13-L13)+(O14-L14)+(O15-L115)+(O16-L16)+(O17-L17)+(O18-L18)+(O19-L19)+(O20-L20) +  (O21-L21)+(O22-L22)+(O23-L23)+(O24-L24)+(O25-L25)+(O26-L26)+(O27-L27)+(O28-L28)+(O29-L29)+(O30-L30)) / 30 )
created on daily data.
 
Thanks,
Frank
Bruce_L
Posted : Wednesday, September 3, 2014 8:32:11 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

There is no way to plot a daily indicator on a 3-minute chart in TC2000 version 12.4.



-Bruce
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