Registered User
Joined: 10/7/2004
Posts: 2
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I want to try a trading method that requires creation of 3 non-standard moving averages and 1 non-standard momentum indicator. I have looked through the existing formulas in the Telechart collection and and don't see anything close that I could customize myself to create these. These indicators are available in other popular charting programs (Metastock, E-Signal, TradeStation), but I would MUCH rather stay with Telechart.
Can you tell me how to program these into Telechart, or possibly do the work for a fee? (My programming skills are very basic.)
3 lines overlaid on the price-bar graph:
Blue Line - a 13-bar smoothed moving average offset 8 bars into the future
Red Line - an 8-bar smoothed moving average offset 5 bars into the future
Green Line - a 5-bar smoothed moving average offset 3 bars into the future
The momentum indicator measures the immediate momentum of the past 5 price bars, compared to the momentum of the last 34 bars:
It is a 34-bar simple moving average of the bar's midpoints (H-L)/2 subtracted from a 5-bar simple moving average of the midpoints (H-L)/2.
This is plotted in histogram form.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Masters,
Please try the following to recreate the Alligator indicator in TeleChart:
Lips:
Select Chart Template | Add Indicator | Indicator | Top.
- Draw Color: Green
- Draw Style: Normal or Wide
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: 9
- Average Type: Exponential
- Indicator Formula: (H3 + L3) / 2
Teeth:
Select Chart Template | Add Indicator | Indicator | Top.
- Draw Color: Red
- Draw Style: Normal or Wide
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: 15
- Average Type: Exponential
- Indicator Formula: (H5 + L5) / 2
Jaw:
Select Chart Template | Add Indicator | Indicator | Top.
- Draw Color: Blue
- Draw Style: Normal or Wide
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: 25
- Average Type: Exponential
- Indicator Formula: (H8 + L8) / 2
Awesome Oscillator (AO):
Select Chart Template | Add Indicator | Indicator.
- Draw Color: Up to you.
- Draw Style: Up to you.
- Visible: Checked
- Center Zero Line: Checked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1).
- Indicator Formula: (AVGH5 + AVGL5 - AVGH34 - AVGL34) / 2
Acceleration/Deceleration (AC):
Select Chart Template | Add Indicator | Indicator.
- Draw Color: Up to you.
- Draw Style: Up to you.
- Visible: Checked
- Center Zero Line: Checked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1).
- Indicator Formula: (AVGH5 + AVGL5 - AVGH34 - AVGL34 - AVG(AVGH5,5) - AVG(AVGL5,5) + AVG(AVGH34,5) + AVG(AVGL34,5)) / 2
That said, all Histograms will be plotted as line charts instead of bar charts and be a single color instead of multiple colors and the Alligator will end at the current date instead of extending beyond the right edge of the Chart. You may wish to review the following:
Plotting Custom Indicators with Examples
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 2
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Awesome. Thank you all very much!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Masters,
You're welcome. Our pleasure.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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 Gold Customer
Joined: 10/7/2004
Posts: 4
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Histograms will be plotted as line charts instead of bar charts
The book is in bar chart Histograms, how do I interpret your line charts?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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ayc868,
Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
With the exception of not extending into the future, the line charts exactly outline the Histogram that would have been Plotted. The interpretation would be the same. The only thing different is the appearance (the values are the same).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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