I appreciate your help so far. I tried the formula that you
posted but it makes the bands too wide. Do you know why that might
be? I followed all the settings you posted.

Thanks!

--- In Telechart2000_Users@yahoogroups.com, "ej_r39" <ej_r39@y...> wrote:
>
> 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