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tcind2
Posted : Thursday, April 23, 2015 4:11:21 PM
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Joined: 8/1/2014
Posts: 8

1. Let's say I have a price chart with two moving averages, and I want to see exactly when one crosses the other instead of via twi lines on the chart, having a new panel which displays plot with just two values, the high value when the first MA is above the other, and the low if not. Can this be done, and if so how ?

2. Then, where instead of using a price chart, I have a new panel with a custom cumulative indicator where the up and down conditions involve avgc20.1 avg20.2 and avg20.3, is it possible to convert that to the type of condition that could also display a boolean type chart as described above ?

3. An additional way (not alternative way) might be to create a custom scan with each of the three conditions added, and add that to a watch list. Is there a video that describes that process as I am having a bit of trouble with that ?

Thanks !

busterram
Posted : Thursday, April 23, 2015 4:20:33 PM
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Joined: 10/9/2011
Posts: 485

You can create a boolean condition and then add that condition to the char to be displayed in the bottom via a custom pcf indicator or you can add that to the watch list as a column. Adding it to the watchlist is my preference as you can dd like 5 instruments and track the conditions. More importantly you can add the same conditions twice in the column and set each condition to different timeframes so you can watch the same condition across timeframes for the same instrument. 

tcind2
Posted : Thursday, April 23, 2015 4:37:46 PM
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Joined: 8/1/2014
Posts: 8

OK thanks. Think I have got it. So let's say I use the column approach, how do I take three conditions that I have created from the chart (ie 'My Conditions' not 'My Conditions (formula) that I have saved individually to the library, AND them together, and create a single column in a watchlist ? !! :-)

diceman
Posted : Thursday, April 23, 2015 7:47:09 PM
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Joined: 1/28/2005
Posts: 6,049

QUOTE (tcind2)

1. Let's say I have a price chart with two moving averages, and I want to see exactly when one crosses the other instead of via twi lines on the chart, having a new panel which displays plot with just two values, the high value when the first MA is above the other, and the low if not. Can this be done, and if so how ?

 

What are the averages, (length and type.(simple, exp)

 

Thanks

tcind2
Posted : Tuesday, May 5, 2015 6:24:04 PM
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Joined: 8/1/2014
Posts: 8
Let's say for the sake of example, simple MA 20 and simple MA 50, to use something really standard just to illustrate the principle.
diceman
Posted : Tuesday, May 5, 2015 9:48:55 PM
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Joined: 1/28/2005
Posts: 6,049


Try this:

 

ABS(AVGC20>AVGC50)-.5

 

Plot as  a Custom PCF indicator (not % true)

Plot as a histogram (one color for 20>50 and one for 20<50)

It will be positive when 20>50.

 

 

Thanks

 

Bruce_L
Posted : Wednesday, May 6, 2015 9:53:37 AM


Worden Trainer

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

If you actually want the values to be plotted as the high and low on the chart, you could create a single Custom PCF Indicator in the same pane and scale as price using the following Formula.

ABS(AVGC20 > AVGC50) * H - (AVGC20 < AVGC50) * L

If you want them to be different colors in this case, you would need to use two different Custom PCF Indicators in the same pane and scale as price. The first would use the following Formula.

ABS(AVGC20 > AVGC50) * H

And the second would use the following Formula.

ABS(AVGC20 < AVGC50) * L

You would probably want to use the Dot Plot Style for the Custom PCF Indicators.



-Bruce
Personal Criteria Formulas
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Clarkm
Posted : Thursday, May 14, 2015 8:54:37 PM
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Joined: 7/28/2014
Posts: 1

Hi,

How do I add an indicator to an existing indicator window below the price chart?

Bruce_L
Posted : Friday, May 15, 2015 7:57:53 AM


Worden Trainer

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

One option is to click on the name of an existing indicator which is already plotted in the pane and select Add Plot Here.... Another option is to just add the indicator to the chart in its own pane and then click on the Move icon (the arrow pointing up and down) so you can either Overlay or Overlay & Scale With another indicator in another pane.

Indicator Scaling (2:38)



-Bruce
Personal Criteria Formulas
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