Support Board
Date/Time: Thu, 12 Jun 2025 08:13:22 +0000
custom moving average
View Count: 608
| [2022-11-07 16:59:29] |
| coachted - Posts: 398 |
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is there a way i can make a custom moving average based off the Initial balance width (difference between the hi and low from 9:30 est to 10:29:59 est) and haveit reflected graphically like the simple moving average study offered by SC.
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| [2022-11-08 15:29:56] |
| John - SC Support - Posts: 40376 |
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Yes, this can be done. First, you would need to use the Initial Balance study, as you can not get the data from the TPO study itself. Refer to the information for this study here: Initial Balance Then you would use the Spreadsheet Formula or the Arithmetic Studies to calculate the difference between the IB lines you want. And then you would apply your Moving Average to that result. Refer to the information for these studies here: Spreadsheet Formula Using the Basic Arithmetic Studies Keep in mind that you would have to do the calculations on an Intraday chart with a Bar Period that is evenly divisible into the Initial Balance range you want (for instance, with a 1 hour IB, you could use a 1 hour chart, 30 minute, 15 minute, etc., but not a 2 hour chart or a 45 minute chart). If you are wanting to overlay this onto a daily chart, then refer to the following: Study/Price Overlay Study For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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