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jujumu
Posted : Monday, December 9, 2013 10:27:19 AM
Registered User
Joined: 5/1/2011
Posts: 5

Just wondering if there was any way to plot/create a formula for swing trade levels as outlined in swingtraderguide.com.  This would be the high of the last 60 days plus the low divided by 2 for the median and then levels in increments of 5% above and below that.

Thanks

Bruce_L
Posted : Monday, December 9, 2013 4:08:03 PM


Worden Trainer

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

Select Add Indicator and chooset Custom PCF Channel Indicator from the list. You will want to click on the Custom PCF Channel Indicator to use the following settings:

- Period: 1
- Average Type: Simple
- Width Multiplier: 5.00
- Indicator Line Formula: (MAXH60 + MINL60) / 2
- Channel Width Formula: (MAXH60 + MINL60) / 200
- Plot Centerline: Checked

If you wanted to add more lines, you would add another copy of the Custom PCF Channel Indicator, but set the Width Multiplier to the desired percentage above and below the centerline. Plot Centerline only needs to be checked for one of the Custom PCF Channel Indicators.

Adding and Moving Indicators



-Bruce
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