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lpz
Posted : Saturday, November 26, 2005 10:00:06 AM
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Joined: 10/13/2005
Posts: 13
Please tell me how to write a formula creating a price channel
Using a 10 period simple moving average of the price high and a 8 period simple moving average of the price low.
Thank you
lpz
Posted : Saturday, November 26, 2005 10:08:25 AM
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Joined: 10/13/2005
Posts: 13
I am not sure my request is really a channel. I want a 10smah for the top line and an 8smal for the bottom line
Craig_S
Posted : Saturday, November 26, 2005 10:18:30 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Right click on the top window of the chart.

Click ADD INDICATOR

Click CUSTOM INDICATOR

Check the Price Scale option

for the high use:

formula: H
period: 10
simple

for the low use:

formula: L
period: 8
simple

Two seperate custom indicators.

Let me know if you have any questions.

- Craig
Here to Help!
bustermu
Posted : Saturday, November 26, 2005 10:52:17 AM
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Joined: 1/1/2005
Posts: 2,645
QUOTE (lpz)
I am not sure my request is really a channel. I want a 10smah for the top line and an 8smal for the bottom line


There is no assurance that AVGH10 is above AVGL8. If you choose the two periods the same, you will at least have that assurance.

Thanks,
Jim Murphy
Craig_S
Posted : Saturday, November 26, 2005 11:08:03 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
bustermu is correct.

In the last two years, 1189 of the 6825 stocks had at least one day when the AVGH10 was less than AVGL8.

In order for this to happen, there must be a strong 1 or 2-day move up that occured 9 or 10 days ago.

Typically AVGH10 will be greater than AVGL8.

- Craig
Here to Help!
bustermu
Posted : Sunday, November 27, 2005 5:07:49 AM
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Joined: 1/1/2005
Posts: 2,645
Craig,

In order for

AVGH10 < AVGL8

we must have

AVGH2.8 < AVGL8

In light of this, your statement:

"In order for this to happen, there must be a strong 1 or 2-day move up that occured 9 or 10 days ago."

should be something like:

"In order for this to happen, there must be a strong move up more recently than 8 days ago."

This is necessary for AVGL8 to get above (H8+H9)/2 which must happen in order for it to be above AVGH10.

Thanks,
Jim Murphy
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