Is there a way to create my own technical indicators with a formula i have defined?

keithde

I'm new here and I have a technical indicator question.

I have created a couple of formulas that will plot 2 lines based on Highest Highs (plot as green line) and Lowest Lows (plot as red line) over the last 100 periods. I want to create this technical indicator out of these 2 formulas, save this for constant use, and plot it in my SharpCharts Workbench along with the other predefined indicators I'm using.

Is there a way to do this in StockCharts?

Thanks for any information you might provide or point me to in the documentation of Stock Charts?

Keithde

gord

Have you had a look at the price channel overlay, looks like it would do what you've described.

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:price_channels

Here's a chart with a 100 period price channel as an example.

http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=1&mn=0&dy=0&id=p10523751892

Kevo

Your post reminds me of a recent post that @gord answered: best values for triple ema crossover

Have a look at gord's comment. Basically, for EXTRA and above members, you can use the "User Defined Index Workbench" as a custom indicator because you can upload the results of the calculations from your own indicator. Just plot the UDI as an overlay or drop it in the indicator panel. I think it only plots one line. So, for two formulas, you might have to delete and re-upload. Just FYI.

P.S. gord's solution above seems faster and easier.