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Re: Formula for acceleration bands
fr1edmango;
> Yes thats the formula I was talking about.
> Do I just copy that formula when I add
> a custom indicator?
NO! Those are Metastock formulas. The formulas must be translated for
use as TeleChart Custom Indicators.
Note: MetaStock Formula for upper band
Upperband:= (H*(1+2*((((H-L)/((H+L)/2))*1000)*0.001)));
Mov(Upperband, 20, S );
TeleChart Custom Indicator
_ _ Draw Color:
_ _ Draw Style:
_ _ Check: Visible
_ _ Check: Plot Using Price Scale
_ _ Smoothing Average: 1 Simple
Indicator formula
[Upper] H*(1+2*(
((H-L)/((H+L)/2))+
((H1-L1)/((H1+L1)/2))+
((H2-L2)/((H2+L2)/2))+
((H3-L3)/((H3+L3)/2))+
((H4-L4)/((H4+L4)/2))+
((H5-L5)/((H5+L5)/2))+
((H6-L6)/((H6+L6)/2))+
((H7-L7)/((H7+L7)/2))+
((H8-L8)/((H8+L8)/2))+
((H9-L9)/((H9+L9)/2))+
((H10-L10)/((H10+L10)/2))+
((H11-L11)/((H11+L11)/2))+
((H12-L12)/((H12+L12)/2))+
((H13-L13)/((H13+L13)/2))+
((H14-L14)/((H14+L14)/2))+
((H15-L15)/((H15+L15)/2))+
((H16-L16)/((H16+L16)/2))+
((H17-L17)/((H17+L17)/2))+
((H18-L18)/((H18+L18)/2))+
((H19-L19)/((H19+L19)/2)))/20)
MetaStock Formula for lower band
Lowerband:= (L*(1-2*((((H-L)/((H+L)/2))*1000)*0.001)));
Mov(Lowerband, 20, S );
TeleChart Custom Indicator
_ _ Draw Color:
_ _ Draw Style:
_ _ Check: Visible
_ _ Check: Plot Using Price Scale
_ _ Smoothing Average: 1 Simple
Indicator formula
[Lower] L*(1-2*(
((H-L)/((H+L)/2))+
((H1-L1)/((H1+L1)/2))+
((H2-L2)/((H2+L2)/2))+
((H3-L3)/((H3+L3)/2))+
((H4-L4)/((H4+L4)/2))+
((H5-L5)/((H5+L5)/2))+
((H6-L6)/((H6+L6)/2))+
((H7-L7)/((H7+L7)/2))+
((H8-L8)/((H8+L8)/2))+
((H9-L9)/((H9+L9)/2))+
((H10-L10)/((H10+L10)/2))+
((H11-L11)/((H11+L11)/2))+
((H12-L12)/((H12+L12)/2))+
((H13-L13)/((H13+L13)/2))+
((H14-L14)/((H14+L14)/2))+
((H15-L15)/((H15+L15)/2))+
((H16-L16)/((H16+L16)/2))+
((H17-L17)/((H17+L17)/2))+
((H18-L18)/((H18+L18)/2))+
((H19-L19)/((H19+L19)/2)))/20)
Let me know if these work, I didn't have time to review the results.
ejr
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