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'''Price( Close )''' sets the price value to be used for calculations. | '''Price( Close )''' sets the price value to be used for calculations. | ||
'''Length( 14 )''' sets the number of previous bars for Rate Of Change value calculation | '''Length( 14 )''' sets the number of previous bars for Rate Of Change value calculation. | ||
'''PctDn( -2 )''' sets the percent value for comparison condition | '''PctDn( -2 )''' sets the percent value for comparison condition. | ||
The color of indicator plot can be changed in the settings of the indicator. | The color of indicator plot can be changed in the settings of the indicator. Find more info [http://www.multicharts.com/trading-software/index.php/Indicator_Settings here] | ||
[[Category:Pre-built Indicators]] | [[Category:Pre-built Indicators]] | ||
Revision as of 13:26, 18 September 2024
This indicator will paint the bars on the chart if Rate Of Change value is lower than the PctDn value set in the inputs.
Default Inputs
Price( Close ) sets the price value to be used for calculations.
Length( 14 ) sets the number of previous bars for Rate Of Change value calculation.
PctDn( -2 ) sets the percent value for comparison condition.
The color of indicator plot can be changed in the settings of the indicator. Find more info here
