Awesome. Thank you all very much!
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I want to try a trading method that requires creation of 3 non-standard moving averages and 1 non-standard momentum indicator. I have looked through the existing formulas in the Telechart collection and and don't see anything close that I could customize myself to create these. These indicators are available in other popular charting programs (Metastock, E-Signal, TradeStation), but I would MUCH rather stay with Telechart.
Can you tell me how to program these into Telechart, or possibly do the work for a fee? (My programming skills are very basic.)
3 lines overlaid on the price-bar graph:
Blue Line - a 13-bar smoothed moving average offset 8 bars into the future
Red Line - an 8-bar smoothed moving average offset 5 bars into the future
Green Line - a 5-bar smoothed moving average offset 3 bars into the future
The momentum indicator measures the immediate momentum of the past 5 price bars, compared to the momentum of the last 34 bars:
It is a 34-bar simple moving average of the bar's midpoints (H-L)/2 subtracted from a 5-bar simple moving average of the midpoints (H-L)/2.
This is plotted in histogram form.
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