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interrobang
Posted : Wednesday, July 13, 2005 9:02:05 PM
Registered User
Joined: 3/7/2005
Posts: 23
 Greetings!

I added a very simple indicator to my chart. Here's the formula: C*1.03. I wanted a marker 3% over the closing price. I am testing it against a stock that closed at 52.3. The Test Formula button gives me the correct answer of 53.87. I am drawing both the closing price of the stock and the indicator as lines. The line for the indicator is very close to the line for the closing prices. Using the pointer tool and clicking at the end of the indicator line, I see that its value is about 52.43, which is a difference of about 0.25%, not the 3% I was expecting. Why did this happen?

Rob Richardson
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Bruce_L
Posted : Wednesday, July 13, 2005 9:03:38 PM


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Joined: 10/7/2004
Posts: 65,138
 Make sure Plot using price scale is checked in the Custom Indicator Settings window.
-Bruce
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StockGuy
Posted : Wednesday, July 13, 2005 11:03:21 PM

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Joined: 9/30/2004
Posts: 9,187
QUOTE (Bruce_L)
Make sure Plot using price scale is checked in the Custom Indicator Settings window.


Bruce's suggestion will make sure the lines are drawn correctly relative to each other, but the value in the pointer box should be 3% greater than price whether you plot it on the price scale or not. I tested your formula and the 5 or so stocks I checked calculated correctly. Double check and make sure the vertical pointer bar is on the last bar. You can press the right arrow key to make sure it's all the way on the right edge of the chart.
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StockGuy
Posted : Thursday, July 14, 2005 10:09:14 AM

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Joined: 9/30/2004
Posts: 9,187
 To clarify, by pointer box I mean the box displayed in the upper left hand corner of the chart, not the date and price boxes displayed at the end of the crosshair.
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