{"id":582,"date":"2020-03-11T16:22:33","date_gmt":"2020-03-11T10:52:33","guid":{"rendered":"https:\/\/chartink.com\/articles\/?p=582"},"modified":"2020-03-13T15:58:31","modified_gmt":"2020-03-13T10:28:31","slug":"now-create-your-own-custom-indicators","status":"publish","type":"post","link":"https:\/\/chartink.com\/articles\/scanner\/now-create-your-own-custom-indicators\/","title":{"rendered":"Now create your own Custom Indicators !"},"content":{"rendered":"<p>We&#8217;ve recently added the ability to <a href=\"https:\/\/chartink.com\/indicator\" target=\"_blank\" rel=\"noopener\"><strong>create your own custom\/derived indicators<\/strong><\/a> using existing indicators.<\/p>\n<p>For example, you may have your logic of <strong>HLC3 as is &#8220;high\u00a0 + low + close \/ 3&#8221;<\/strong> &amp; would want to use this across multiple filters in different\/same scans\/widgets. Until now, you&#8217;d need to copy\/write the logic whereever it would required.<\/p>\n<p><em><span style=\"text-decoration: underline;\"><strong>With &#8220;custom indicators&#8221;, you can simply define its logic as:<\/strong><\/span><\/em><\/p>\n<pre>HLC = ( current candle high + current candle low + current candle close ) \/ 3<\/pre>\n<p><strong>Here&#8217;s the custom indicator for the above logic:\u00a0<a href=\"https:\/\/chartink.com\/indicator\/hlc3\" target=\"_blank\" rel=\"noopener\">https:\/\/chartink.com\/indicator\/hlc3<\/a><\/strong><\/p>\n<p><strong>The above created indicator can then be used to create new scans\/widgets:\u00a0<a href=\"https:\/\/chartink.com\/screener\/close-above-hlc3\" target=\"_blank\" rel=\"noopener\">https:\/\/chartink.com\/screener\/close-above-hlc3 <\/a><\/strong> (notice the HLC indicator selection)<\/p>\n<p>These are <span style=\"text-decoration: underline;\"><strong>similar to having a value saved in a variable\/temp working space<\/strong><\/span> and then using it across in multiple scans. Note, while using it across scans, <strong>you can select the <a href=\"https:\/\/chartink.com\/screener\/close-above-hlc3\" target=\"_blank\" rel=\"noopener\">timeframe for its calcuation<\/a><\/strong>, eg: Daily\/Weekly\/Monthly or Intraday candles giving you further flexibility.<\/p>\n<p>To access a previous candle for a given timeframe, you can select &#8220;1\/2.. candles ago&#8221;.<\/p>\n<h4>Below is another example from one of our users:<\/h4>\n<h6>EOM &#8211; CUSTOM INDICATOR LOGIC<\/h6>\n<ul>\n<li>Distance = ((High + Low) \/ 2) \u2013 ((Previous High + Previous Low) \/ 2) -&gt;<a href=\"https:\/\/chartink.com\/indicator\/distance\"> Custom indicator link<\/a><\/li>\n<li>Box Ratio = (Volume \/ 10000) \/ (High \u2013 Low)\u00a0-&gt; <a href=\"https:\/\/chartink.com\/indicator\/box-ratio\">Custom indicator link<\/a><\/li>\n<li>EOM= Distance \/ Box Ratio -&gt;<a href=\"https:\/\/chartink.com\/indicator\/eom\"> Custom indicator link<\/a><\/li>\n<\/ul>\n<h6>Scan using SMA on\u00a0<span class=\"il\">EOM(custom indicator)<\/span>:\u00a0<a href=\"https:\/\/chartink.com\/screener\/eom-greater-than-20\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/chartink.com\/screener\/eom-greater-than-20&amp;source=gmail&amp;ust=1584009641897000&amp;usg=AFQjCNEq98TcZpYXNX7L22oBhi2SLdp4hg\">https:\/\/chartink.com\/<wbr \/>screener\/<span class=\"il\">eom<\/span>-greater-than-20<\/a><\/h6>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We&#8217;ve recently added the ability to create your own custom\/derived indicators using existing indicators. For example, you may have your logic of HLC3 as is &#8220;high\u00a0 + low + close \/ 3&#8221; &amp; would want to use this across multiple filters in different\/same scans\/widgets. Until now, you&#8217;d need to copy\/write the logic whereever it would &hellip; <a href=\"https:\/\/chartink.com\/articles\/scanner\/now-create-your-own-custom-indicators\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Now create your own Custom Indicators !&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[49,2],"tags":[],"_links":{"self":[{"href":"https:\/\/chartink.com\/articles\/wp-json\/wp\/v2\/posts\/582"}],"collection":[{"href":"https:\/\/chartink.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chartink.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chartink.com\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chartink.com\/articles\/wp-json\/wp\/v2\/comments?post=582"}],"version-history":[{"count":12,"href":"https:\/\/chartink.com\/articles\/wp-json\/wp\/v2\/posts\/582\/revisions"}],"predecessor-version":[{"id":594,"href":"https:\/\/chartink.com\/articles\/wp-json\/wp\/v2\/posts\/582\/revisions\/594"}],"wp:attachment":[{"href":"https:\/\/chartink.com\/articles\/wp-json\/wp\/v2\/media?parent=582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chartink.com\/articles\/wp-json\/wp\/v2\/categories?post=582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chartink.com\/articles\/wp-json\/wp\/v2\/tags?post=582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}