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Registered User
Joined: 6/23/2006
Posts: 30
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Hi,
1) I wonder how can I plot moving average with shifting. For example,I would like to plot Simple MA of 5 days but plot it shift to the right 3 day time unit.
2) I would like to plot MA X days-MA Y days as a histogram and then plot MA Y days of that different in line. Would it be able to do that? I try to play around with parameter of MACD histogram but it seems not working. Let's say I just want to plot a different between MA12 and MA26 as histogram and then I plot a MA9 average line of that histogram.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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For 2 you are talking about MACD.
Check out this video: Understanding MACD
For 1 you can use Custom Indicator in the top window with the following settings:
Plot in Window: Top
Visible (checked)
Center Zero Line (unchecked)
Plot using price scale (checked)
Smoothing Average: 5
(you can use simple or exponential)
Indicator Formula:
C3
here is a video to review: Plotting Custom Indicators with Examples
- Craig
Here to Help!
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Registered User
Joined: 6/23/2006
Posts: 30
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Hi Craig,
I have viewed the vdo. But still have some questions to ask.
1) if i would like to plot Different between XAVG5-XAVG10 as HISTOGRAM, would it be able to do that in customs indicator.
2) if I would like to plot different between {XAVG5 of (H-L)/2} minus {XAVG10 of (H-L)/2},how do i proceed that with customs indicator?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (Mupa) if i would like to plot Different between XAVG5-XAVG10 as HISTOGRAM, would it be able to do that in customs indicator.
I can't think of a practical way to plot this a a bar chart, but a MACD with the following settings would outline such a bar chart exactly:
Select Chart Template | Add Indicator | MACD:
- Short: 5
- Long: 10
- Period: 1
- Average Type: Exponential
- Plot MACD as Histogram: Unchecked
- Visible: Checked
The following Custom Indicator would match these results:
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 the Smoothing Average is 1).
- Indicator Formula: XAVGC5 - XAVGC10
QUOTE (Mupa) if I would like to plot different between {XAVG5 of (H-L)/2} minus {XAVG10 of (H-L)/2},how do i proceed that with customs indicator?
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 the Smoothing Average is 1).
- Indicator Formula: (XAVGH5 - XAVGL5 - XAVGH10 + XAVGL10) / 2
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 6/23/2006
Posts: 30
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QUOTE (Bruce_L) QUOTE (Mupa) if i would like to plot Different between XAVG5-XAVG10 as HISTOGRAM, would it be able to do that in customs indicator. I can't think of a practical way to plot this a a bar chart, but a MACD with the following settings would outline such a bar chart exactly: Select Chart Template | Add Indicator | MACD: - Short: 5 - Long: 10 - Period: 1 - Average Type: Exponential - Plot MACD as Histogram: Unchecked - Visible: Checked
Well, what I try to do is findng a way to plot a moving average line OVER a HISTOGRAM. I found that only MACD has an option of Histogram while only Volume has an options to rising/downing color. I try to customs indicators that plot histogram in rising/downing color and have a moving average line over it. Since you can have moving average only another study. The issue is remain how to plot a histogram of anything besides MACD.
If it could be done, please let me know. But if it's not, I do understand. At the end, I'm appreciate your understanding and assisting.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Volume, Balance of Power and a MACD Histogram are the only indicators in TeleChart plotted using a Bar Chart. I do not know of a way to plot any other Indicators in TeleChart using a Bar Chart.
SnapSheets allows most indicators to be plotted as Bar Charts by changing the Style to Bar in the Properties window. You may wish to review the following:
SnapSheets Website
Customizing with Properties
SnapSheets Tutorial Videos
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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