Registered User
Joined: 7/1/2008
Posts: 889
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Hi - although I've been using this custom formula indicator for a long time on telechart, its been quite a while since I've been active with formulas and I've forgotten the syntax. I'm trying to translate this formula over to another charting system I'm also using and need a little help.
So with this formula:
L<((3.05*MINL15.7)-MAXH7.3)/2 AND STOC12.5<10 AND L<L1
What does 3.05*MINL15.7 mean?
on STOC12.5 what does the 12.5 mean? (12 periods 5 smoothing?)
I read the syntax help page but couldn't figure it out.
Thanks!
ben
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Administration
Joined: 9/30/2004
Posts: 9,187
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L<((3.05*MINL15.7) is true when the current bar low less than 3.05 times greater than the 15 period low as of 7 bars ago.
STOC12.5 is a stochastic with a period of 12 and %K of 5
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Registered User
Joined: 7/1/2008
Posts: 889
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Great - thank you.
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