Parameter

Description

Display

Opens sub-window to set parameters

•      Color = Line color.

•      Weight = Line thickness.

•      MarkIt = Opens Specify Conditions window.

•      Display = Line style: line or histogram.

•      ShareScale = Determines whether sharing of the vertical scales between studies is accepted. Auto = System determine whether sharing is feasible. On = Scale is shared regardless of the functions and studies displayed. Off = Scale is not shared. ShareScale must be On if study is overlaid on a study with multiple outputs.

Offset

Distance in bars between the current bar and the bar to use in the calculation. A positive offset uses future bars. A negative offset uses past bars. For example:

1 = next bar

-2 = two bars back from current bar

Type

Moving average calculation. Values:

•      Simple

•      Smoothed

•      Exponential

•      Weighted

•      Centered

•      Median

•      Trix

•      Exponential Hull

Period

Number of bars in the lookback range.

Price

Price used to calculate study values.

OB/OS

Opens sub-window with overbought and oversold parameters:

•      Color = Select a color for the line.

•      Weight = Choose a thickness for the indicator.

•      Type = Choose fixed or dynamic.

Fixed = uses Level as a fixed OB/OS value.

Dynamic = uses Standard Deviation and Lookback for a dynamic OB/OS value:.

OB: MA(@,Sim,lookback) + factor * STDDEV(@,lookback)

OS: MA(@,Sim,lookback) - factor * STDDEV(@,lookback)

where @ is the study

•      Std Dev = Multiplier used to calculate high and low.

•      Lookback = Number of bars to compare to the current bar.

•      Level = Percentage of average OB/OS used to calculate predictor Ob/OS levels.

•      Display = Click this check box to display the component.

•      Style = Choose a line style.