Parameter

Description

Display

Opens sub-window to set parameters:

•      Color = Line color.

•      Weight = Line thickness.

•      Display = Select Line or Histogram.

•      ShareScale = Assign a behavior for functions and studies sharing the vertical scale:

Auto = System determine whether sharing is feasible.

On = Scale is shared regardless of the functions and studies displayed.

Off = Scale is not shared.

MarkIt

Opens the Specify Conditions window.

Price

Price used in calculation.

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 = Select this check box to display the component.

•      Style = Choose a line style.