Date/Time: Sun, 16 Jun 2019 07:54:02 +0000
WaveTrend Oscillator Sierra Charts
|baystreetbull - Posts: 4|
I was curious if there is any similar indicators or if this indicator is available under a different name on SC.
Believe its similar to an rsi except it uses an (HLC / 3) instead of just the close to calculate the ema's etc..
for example I have this coded on another site
just for reference.
n1 = input(10, "Channel Length")
n2 = input(21, "Average Length")
obLevel1 = input(60, "Over Bought Level 1")
obLevel2 = input(53, "Over Bought Level 2")
osLevel1 = input(-60, "Over Sold Level 1")
osLevel2 = input(-53, "Over Sold Level 2")
ap = hlc3
esa = ema(ap, n1)
d = ema(abs(ap - esa), n1)
ci = (ap - esa) / (0.015 * d)
tci = ema(ci, n2)
wt1 = tci
wt2 = sma(wt1,4)
Thank You in advance
Sierra Chart Engineering - Posts: 72845
Without looking through how these are coded, the one thing we can tell you is that the RSI study in Sierra Chart offers the option of using the HLC Average. So it sounds like it has what you are looking for. Refer to the documentation here:
Sierra Chart Support - Engineering Level
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