StockFetcher Forums · General Discussion · plot new indicator?<< >>Post Follow-up
bhogue
2 posts
msg #49957
- Ignore bhogue		 2/11/2007 10:23:09 PM

Need some help.

I would like to plot a new indicator. I want to see how it compares to existing filters before using it as a filter. Is this possible?

If yes, do I use SET to create the new indicator?

Should be equal to
(Close - Lowest Close of the last 40 bars) /
(Highest Close of the last 40 bars - Lowest Close of the last 40 bars)

Since the Highest and Lowest Closes could be the same, there should be some IF logic to insure the denominator is not zero ... if that unexepected situation happens then the answer should 1.00

Your guidance is appreciated.
StockFetcher Forums · General Discussion · plot new indicator?<< >>Post Follow-up

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