What is showing in the $TICK chart is a ShowMe Indicator which includes all three averages and the dotted lines for the various $TICK levels. I will post the entire code in the next post.
The blue or cyan line is simply "Average((H+L+C)/3,2). In other words, it is the SMA of the 2-period calculation of the (High + Low + Close)/3 of each bar. The White line is the long-term or 38-period EMA, and the Green/Red line is the short-term or 20-period EMA of the same calculation.
" I never blame myself when I'm not hitting. I just blame the bat and if it keeps up, I change bats. After all, if I know it isn't my fault that I'm not hitting, how can I get mad at myself?" Yogi Berra
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charles what is the ts code for the tick avg you have there
ReplyDeleteHi Michael,
ReplyDeleteWhat is showing in the $TICK chart is a ShowMe Indicator which includes all three averages and the dotted lines for the various $TICK levels. I will post the entire code in the next post.
The blue or cyan line is simply "Average((H+L+C)/3,2). In other words, it is the SMA of the 2-period calculation of the (High + Low + Close)/3 of each bar. The White line is the long-term or 38-period EMA, and the Green/Red line is the short-term or 20-period EMA of the same calculation.
Charles