Custom 2 Lines

Definition

The Custom 2 Lines indicator is used to calculate and plot the value of the numeric expressions set by the Plot1Formula and Plot2Formula inputs. It is designed to plot any values that is the result of any calculations you use. It is possible to use functions or insert any expressions that result in a number, for example, "close - close of 5 bars ago" or "range". 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

Plot1Formula sets any numeric expression to be plotted, close-close[10] by default.

Plot2Formula sets any numeric expression to be plotted, close-close[10] by default.

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