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Custom 1 Line

From MultiCharts

The Custom 1 Line indicator is used to calculate and plot the value of the numeric expression set by the Formula input.

Description

The indicator helps to plot any value that is the result of some calculation you intend to use. It is possible to use functions or insert any expression resulting in a number, for example "close - close of 5 bars ago". Additionally, this indicator will generate an alert according to the condition specified by the AlertCondition input. AlertCondition must be either true or false, for example, "range > range of 3 bar ago". The default plot settings are to plot the value in the same subchart as the main data series chart.

Default Inputs

Formula( close-close[10] ) sets any numeric expression.

AlertCondition( false ) sets true/false expression to define the alert criteria.