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 Posted : Tuesday, May 22, 2018 10:49:30 AM
Gold Customer

Joined: 1/24/2005
Posts: 97

I was unable to find an actual formula in the forum for a moving average channel of the highs and lows for a 5 SMA..

And there is apparently no way to do it in the indicator window..

Can someone please point me to a solution for this?  Thanks

Paul

StockGuy
 Posted : Tuesday, May 22, 2018 10:55:40 AM

Joined: 9/30/2004
Posts: 9,187

I assume you want a channel around the 5 SMA? How are you determining the channel width?

Bruce_L
 Posted : Tuesday, May 22, 2018 10:57:33 AM

Worden Trainer

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

You could just add two moving averages to the chart and change the Average Of setting to High for one and Low for the other.

If you really wanted to do it as a channel, you could use the following settings.

- Period: 5
- Average Type: Simple
- Width Multiplier: 1
- Indicator Line Formula: `(H + L) / 2`
- Channel Width Formula: `(H - L) / 2`

-Bruce
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 Posted : Tuesday, May 22, 2018 9:48:55 PM
Gold Customer

Joined: 1/24/2005
Posts: 97

Bruce:

I'm using TC 2007 version and I don't see an option for setting that up in the indicator window:  https://www.screencast.com/t/hJ2ZUpP87rB3

Are you referring to the web version 12?

Thanks!

Paul

 Posted : Tuesday, May 22, 2018 9:50:27 PM
Gold Customer

Joined: 1/24/2005
Posts: 97

Stockguy-I would think that whereever the channel width falls based on a 5 MA based on highs and 5 MA based on lows-I guess I would want the natural width and not a deviation...

Paul

Bruce_L
 Posted : Wednesday, May 23, 2018 8:47:35 AM

Worden Trainer

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

The indicator you will want to add is called Price Channel in TC2000 v7, but the settings should be the same as given for the channel in my previous response.

There isn't an Average Of setting for the moving averages in v7. You could add Custom Indicators (just called Indicator in the list I think) set to Plot Using Price Scale to the price pane. You could use the following Indicator Formula for the high.

`H`

And the following Indicator Formula for the low.

`L`

You could then adjust the Smoothing Average and Average Type to match the desired moving average.

-Bruce
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 Posted : Thursday, May 24, 2018 12:31:30 AM
Gold Customer

Joined: 1/24/2005
Posts: 97

Bruce that worked great!  Thanks for your help!

Paul

Bruce_L
 Posted : Thursday, May 24, 2018 8:57:07 AM

Worden Trainer

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

You're welcome.

-Bruce
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