||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(CIPlus(), 21) + EMA(Lag(CIPlus(), 1), 21)
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.