StockFetcher Forums · General Discussion · 52 week channel<< >>Post Follow-up
freshpotato
36 posts
msg #58373
Ignore freshpotato
12/21/2007 7:02:40 AM

All I'm trying to do is to make a 52 week channel

set{channeltop,close 52 week high}
set{channelbottom,close 52 week low}
and draw channeltop on plot price
and draw channelbottom on plot price




Can someone tell my why the channel changes even when the close don't make a new 52 week low or high?

Thanks

TheRumpledOne
6,358 posts
msg #58376
Ignore TheRumpledOne
modified
12/21/2007 9:22:02 AM

It's because the computer looks back 52 weeks from the plotting point!!

So in the past, the high/low changed and thus the plot changes.

What you are thinking is YTD HIGH/LOW.





MikeB60046
43 posts
msg #58388
Ignore MikeB60046
12/21/2007 1:18:55 PM

Try this

set{channeltop,high 52 week high}
set{channelbottom,low 52 week low}
and draw price line at channeltop
and draw price line at channelbottom

TheRumpledOne
6,358 posts
msg #58412
Ignore TheRumpledOne
12/21/2007 10:30:54 PM

Fetcher[
set{channeltop,high 52 week high}
set{channelbottom,low 52 week low}
and draw price line at channeltop
and draw price line at channelbottom

market is nasdaq 100

chart-time is 1 year
]



Thanks!



StockFetcher Forums · General Discussion · 52 week channel<< >>Post Follow-up

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