Hi, 

I wonder how to get average (AVG) of some other indicator. After some struggling its time to ask the forum :)

I.e. If i have an indicator like (c+avgc10) and i like the 20 avg of this.

I cant get it to work. Tried things like (avg20((c+avgc10)) and (avg((c+avgc10)),20)

No (good) results yet. Any help is appreciated.

Greetz

Michel

Unfortunately, the AVG() function cannot be applied to compound formulas. Your particular example could be written as follows.

AVGC20 + AVG(AVGC10,20)

Cascades of Moving Averages
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!

Ok that's a pitty Bruce.

In the meantime i was looking for a way to get a parallel line below an 5 day average volume line. I like to get a line that represents 90% of the Volume average. If compounded formula's would be possible this might be something like:

Avg(V, 5)*0.95 

Do you know a way to get the parallel line in another way? Thanks again.

Gr

Mcihel

Your formula could be written exactly as is or shortened a bit to:

.95 * AVGV5

Note that if you actually want 90% instead of 95% the formula would be:

.9 * AVGV5

When I say the AVG() function can't be applied to compound formulas I mean that it can be applied to a formula with a single component such as V, but can't be applied to a formula with multiple components such as H + L.

One option would be to add an Envelope Channel to price in TC2000 version 12.4. This plots a moving average as a centerline with upper and lower bands which are Width (%) above and below the moving average.

Thanks for your help.

grt

Michel

You're welcome.