miska2
17 posts
msg #99542
- Ignore miska2 |
3/8/2011 2:14:47 PM
How do you create a column for a filter/watchlist that determines in % terms where the close is relative to the LR channel. For example, if the stocked closed at the top of the channel, the number would be 100 or near it. And if price goes above the top channel, the number would exceed 100. Opposite for lower channel.
Thanks!
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straken
469 posts
msg #99544
- Ignore straken
modified |
3/8/2011 5:11:21 PM
This is for an LRC 30 day channel, you can edit as needed. What your asking for would require the use of the lag x days, as LR adjusts the price unless the channel is programmed for a lag period. The price then would be compared to a frozen envelope instead of moving one. (i.e $20 stock yesterday closed at $21 today would be 5% above the top LRC lag 1 day, but if continued to rise the LR period would have to be frozen from the point it reached 100% to give an accurate continued measure).
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miska2
17 posts
msg #99547
- Ignore miska2 |
3/8/2011 11:22:59 PM
Thanks. It works great. I realize the LR channel adjusts with price action. I was just looking for a column to determine if price might be overbought / oversold.
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