||ESA+ - Smoothed price average
The part of the Trading Channel
Index. The index was introduced in an early version of AIQ's Stock
Expert. "The Trading Channel Index measures the location of average
daily price relative to a smoothed average of average daily price.
It is derived from the average difference between these two values."
||EMA(APPlus(), 10) + EMA(Lag(APPlus(), 1), 10)
Download to import into Tradecision.
How to use this custom indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click the Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
Now you can insert the indicator directly into a price chart or modify it like any other in-built indicator.