Custom 3 Lines (Indicator)Analysis Techniques & Strategies
Custom 3 Lines (Indicator)
| Name | Expression | Default | Description |
| Plot1Formula | Numeric | Close - Close [10] | Value (any numeric expression) to be plotted. |
| Plot2Formula | Numeric | Close - Close [10] | Value (any numeric expression) to be plotted. |
| Plot3Formula | Numeric | Close - Close [10] | Value (any numeric expression) to be plotted. |
| Displace | Numeric | 0 | The number of bars to displace the indicator plot. |
| AlertCondition | True/False | False | True/False expression used to define the alert criteria. |
| AlertMessage | String | "" | Custom text to be displayed when alerts are triggered. |
The Custom 3 Lines indicator calculates and plots the values of the numeric expressions specified by the inputs Plot1Formula, Plot2Formula and Plot3Formula. This is designed to allow you to plot any values, that is, the result of any calculations you choose, simply by editing the inputs in the Format Indicator dialog. To get you started, the default settings for Plot1Formula, Plot2Formula and Plot3Formula are the close. You may substitute any expressions that result in a number, for example "range" or "close - close of 3 bars ago". You may also use functions in the expressions. Additionally, this indicator will generate an alert as specified by the input AlertCondition. This input must be an expression that is either true or false, for example "range > range of 1 bar ago". The default plot settings are to plot the values in the same subgraph as the price chart. This may also be modified in the Format Indicator dialog.
| Number | Name | Default Color | Description |
| Plot1 | PLOT1 | Yellow | Plots the value returned by Plot1Formula. |
| Plot2 | PLOT2 | Cyan | Plots the value returned by Plot2Formula. |
| Plot3 | PLOT3 | Red | Plots the value returned by Plot3Formula. |
When applied to a chart, this indicator displays three plots in the same subgraph as the price data.
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