Registered User
Joined: 2/2/2005
Posts: 14
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how can i form an indicator of the 52 week hi 52 week low and have it be two lines: one for the low and one for the high os that when the prices changes the lines will cross up or down as the pirice changes?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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In Blocks, you can just add the Donchian Channels Study and adjust the settings appropriately. In TeleChart, please try the following:
On Daily Chart:
260-Trading Day High:
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: MAXH260
260-Trading Day Low:
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: MINL260
On Weekly Chart:
52-Week (5-Trading Days) High:
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: MAXH52
52-Week (5-Trading Days) Low:
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: MINL52
You may wish to review the following:
Plotting Custom Indicators with Examples
Handy PCF example formulas to help you learn the syntax of PCFs!
PCF Formula Descriptions
Learn how to use the forums: post a new topic, reply, Search existing topics
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (2000tc) how can i form an indicator of the 52 week hi 52 week low and have it be two lines: one for the low and one for the high so that when the prices changes the lines will cross up or down as the price changes?
2000tc,
1) When one says "52 week high" they usually mean the high for 1 year which is usually 252 trading days. How many trading days did you intend "52 weeks" to be? If your answer is 260 trading days, that is more that 52 calander weeks and more than 1 calender year.
2) Since the two lines supplied can never cross, did you intend something other that supplied?
Thanks,
Jim Murphy
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