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                                                   plot indicator as drawing tool

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dan
2011-03-30 08:35:43


Hello QS,

I woud like to plot a 10 bar moving average as a drawing tool on a chart so I can grab it with the mouse button and move it arround. It woud be used for studying of J.M. Hurst's cycles.
Is it possible?



QuantShare
2011-03-30 10:33:58

  0

Hi,

What happens exactly when you move the moving average?



dan
2011-03-30 12:10:16

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You could place them as envelopes that engulfs price data(a MA above price and a MA below).Hurst used to draw these fixed width envelopes manualy on paper. The width is based on 10 moving average displaced back in time but since it was made by hand I was looking for ploting the MA and placing them on or under price data by dragging with the mouse.


QuantShare
2011-03-30 12:49:27

  0

Best Answer
You can create the following formula:

y = Param("Y", 0, -19);
x = Param("X", 0, -6);
plot(ref(sma(14), x) + (y/10), '');

After that, click on "Update Indicator" (third icon) to dynamically update the X and Y values.



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