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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » Indicator: % > or < daily moving average

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mj
Posted : Monday, February 25, 2013 9:00:57 AM
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Joined: 1/16/2005
Posts: 33

Is there a way I can plot  lines on the price chart which is 2% >  and 2% < the 200 day moving average (SMA). ?    I would like to see how the current price compares to a certain % of the moving average.  Thanks,   MIke
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Bruce_L
Posted : Monday, February 25, 2013 9:12:15 AM


Worden Trainer

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

Add an Envelope Channel Indicator to the chart with the Period set to 200, the Average Type set to Simple and the "Std Dev" set to 2.00. It is actually the percentage of above and below the moving average and not a standard deviation at all despite the name used for the setting. Bollinger Bands are the indicator which use multiples of standard deviation for the width of the channels.


-Bruce
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