Hello Worden Trainer,

I hope that you are doing well.  I wanted to see if you could help me create a couple indicator formulas that I used with my last charting software.   I am going to write them out with the formulas from the other software so I hope that it makes some sense.  If not, I will work with you to try and figure it out.  Thank you for your help!

1. MovAvg (Open - Close, bars used in Avg) / MovAvg (Range, bars used in Avg) * 50+50

    The Bars used in the Average would be "6"  

2. CumulativeSum (Open Interest * (Close - Close .1) / (True High - True Low)) + OBV

     The .1 is yesterdays close like worden has in their formulas.

3. MovAvg (Abs (Close - Open), X Days) / MovAvg ((True High - True Low), X Days) * 100

    "X" would equal 1 for this formula

4. Swing Point (Strength, Swing Point Method, Alt Mode): The settings for these would be Swing Point (1,0,2)

     For identifying swing points on the chart, I would like to have lines (or just dots) connecting swing point highs from swing point lows.  The criteria I have for a swing high is any bar that has lower highs on each side.  For a swing low, just the opposite, any bar that has higher lows on each side.

Thanks again for all your help.

Justin

Please try using the following Indicator Formula:

50 * (AVGO6 - AVGC6) / (AVGH6 - AVGL6) + 50

You cannot include Open Interest in a formula as the Personal Criteria Formula Language does not have syntax for fundamentals. In addition, the actual value of OBV is completely meaningless.

Dealing with OBV & MS in PCF's - how to interp their "values"
PCF Formula Descriptions

100 * ABS(C - O) / ((H -L + ABS(H - C1) + ABS(C1 - L)) / 2)

Please provide a description and PCF for calculating an ATR value to be used as a stop loss value

I'm guessing the (1,0,2) formula means there need to be two lower highs or two higher lows on either side?

Start by creating the following Custom PCF Indicator for the Swing Point High where it is first detected:

- Plot Style: Doesn't matter (because of the Plot Opacity setting below).
- Plot Color: Doesn't matter (because of the Plot Opacity setting below).
- Period: 1
- Average Type: Doesn't matter (becasue the Period is set to 1).
- Formula: H2 * ABS(H2 > MAXH2.3 AND H2 > MAXH2)
- Line Style: Doesn't matter (because of the Plot Opacity setting below).
- Line Width: Doesn't matter (because of the Plot Opacity setting below).
- Plot Opacity: All the way to the left.

Then create a Custom PCF Indicator for the Swing Point Low where it is first detected using the same settings as above with the exception of changing the Formula to:

L2 * ABS(L2 < MINL2.3 AND L2 < MINL2)

Now add 1-Period Simple Moving Averages to both Custom PCF Indicators and set the Offset to -2 (the negative is important). I would probably set the Plot Style of these Moving Average indicators to Dots.

Thank you Bruce!  I did not know that Open Interest could not be included in custom indicators.  I was trying to search for a solution all day yesterday on the forums.  I have a couple of other questions concerning setting up Easy Scans, but I will post those later this morning b/c I want to be sure I have everything I want to set up first.  Thank you again for your time and help.

Justin