Custom PCF Indicator

The custom PCF indicator allows you to create an indicator that returns a single value based on a formula.

To add a custom PCF indicator to your chart click the add plot button

You can also press the forward slash "/" key to open the add plot menu

Select Custom PCF Indicator from the list of available indicators

Alternatively you could select Write Formula located at the top of the Add Plot window under the search field.

This will plot a indicator on your chart and open the editor for that formula

By default it plots an indicator of Closing prices "C" but you can edit that formula to anything you like, here we will edit the formula to return the value of the maximum High "H" of the most recent 50 bars minus the minimum Low "L" of those same bars.

Left click on OK to apply that formula

The formula has now been applied to that indicator

By default the indicator will be labeled with the formula it is calculated from (truncated in the case of long formulas). You can create a custom label for the indicator if you like. Right click on the indicator label

Left click on Edit

Type your custom label into the label box

Left click on OK

The label has now been applied

For more information on creating PCF indicators please visit our PCF help index