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bradsticker
Posted : Monday, February 11, 2008 5:58:33 PM
Registered User
Joined: 3/15/2005
Posts: 95
 When adding a custom indicator, a box appears in which one can choose between: indicator, % true, cummulative, price channel. How do the % true, cummulative, and price channel work? Wouldn't the % true be either 0% or 100% for each day? Please give me some guidance on how to use these tools.
Thanks,
bradsticker
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diceman
Posted : Monday, February 11, 2008 10:08:18 PM
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Joined: 1/28/2005
Posts: 6,049
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Thanks
diceman
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Bruce_L
Posted : Tuesday, February 12, 2008 8:18:23 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 bradsticker,
Custom Percent True Indicators are either 0% or 100% when the Smoothing Average is 1. If this is not 1, the percentage can be different (because it becomes a Moving Average of the 0% and 100% values).
-Bruce
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