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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » Histograms of Moving Averages of Indicators

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cpapanic
Posted : Friday, February 28, 2014 2:55:51 PM
Registered User
Joined: 2/1/2010
Posts: 60

Hi, 

 

I am trying to draw a histogram of the spread between the difference between two moving averages of the Wilder RSI indicator? Anyway to do that? 
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Bruce_L
Posted : Friday, February 28, 2014 3:43:01 PM


Worden Trainer

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

You can add a MACD indicator to the chart in TC2000 version 12.4 and then click on the MACD indicator and select Edit to adjust its settings.

You will want to set the Short and Long settings to the periods of the two moving averages of RSI which are of interest and the Average Type of the MACD to average type of the two moving averages (the technique will not work if the moving averages are of different types). Then change the Plot Style to Histogram and the Data Source to the Wilder's RSI.

Change Data Source

You can delete the moving average applied to the MACD if desired.


-Bruce
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