We are trying to create lines on Charts such that when certain true/false indicator conditions are met from and indicator, they are actually displayed on the screen.  We understand how to take a chart indicator and create a scan condition and then save it in the easy scan library.

What we need to do is have this indicator true/false PCF converted such that iti becomes an indicator forumula.  This way we can then display the PCF condition as a formula indicator on the charts.

How do we do this?

It is possible to plot Condition Formulas on the chart by using them as the Boolean Formula in a Custom PCF % True Indicator.

Clicking on an indicator and selecting Create Scan Condition creates a Condition, but it does not create a Condition Formula. You cannot use these Conditions in a Custom PCF % True Indicator and there is no other built in method of displaying Conditons on the chart in TC2000.

You would need to manually construct a Condition Formula based on your requirements to use it in a Custom PCF % True Indicator. This may or may not be practical depending on your specific Conditions. We would need to know the specific Conditions to help you create a Condition Formula.

We are looking to create true/False  line conditions such that we %R goes above -80 a line a appears and when %R goes below -20 a line appears from the True condition.

How do I create the this PCF?

The Condition Formula to use as the Boolean Formula in your Custom PCF % True Indicator would depend on the period of your Williams %R indicator.

Williams %R is just Stochastics minus one hundred. So a Condition Formula to check for a 10-Period Williams %R crossing up through -80 or crossing down through -20 could be written as:

(STOC10 > 20 AND STOC10.1.1 <= 20) OR (STOC10 < 80 AND STOC10.1.1 >= 80)

Understanding Stochastics
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!