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Can price show an indicator condition? Rate this Topic:
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mgreco19
Posted : Tuesday, September 16, 2014 5:04:49 PM
Registered User
Joined: 11/21/2010
Posts: 3

Is there a way to have price reflect an indicator condition?

For example, lets say TSV crosses above the 0 line. Is there a way to show this crossover where price is plotted? Maybe a change in candle or line color? Really I'm just looking for a way to pull up a chart and quickly see how price reacted when the condition was true.

Bruce_L
Posted : Wednesday, September 17, 2014 8:44:42 AM


Worden Trainer

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

There is not a way to paint indicators (including price) based on arbitrary conditions in TC2000.

If the condition can be created using a Condition Formula, it would be possible to create a Custom PCF Indicator which would plot a dot at the high or low of the candle when a condition is true.

For example, using the following settings in a Custom PCF Indicator plotted in the same pane and scale and price would plot a dot at the high when a simple TSV 38 crosses above 0.

- Plot Style: Dots
- Period: 1
- Average Type: Simple
- Formula: ABS(TSV38 > 0 AND TSV38.1 <= 0) * H

You would generally want to select calculate scale from price only for the price indicator when doing this because the Custom PCF Indicator will plot a dot at zero when the results are false.



-Bruce
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