How to create and save an Indicator (PCF) Formula

Personal Criteria Formulas (PCFs) come in two types. Indicator Formulas return a numeric result. If your PCF is Boolean and returns a true or false result instead it will save as a Condition Formula instead of as an Indicator Formula.

1. Click the New button in your toolbar.

1. Click the New button in your toolbar.

2. Click Indicator (PCF) Formula.

2. Click Indicator (PCF) Formula.

3. Name your PCF Indicator.

3. Name your PCF.

4. Select the time frame you wish to use.

4. Select the time frame you wish to use.

5. Type or paste in your PCF formula.

5. Type or paste in your PCF formula.

You can test the formula if you like by clicking the Test Formula button.

The test function is intended to check for valid syntax only, it uses daily data from regular trading hours

You can test the formula if you like by clicking the Test Formula button.

6. To save the formula to the indicator library for re-use, click the save icon, confirm the name then click save again.

6. Click OK to save the PCF and open targeting mode.

7. Selecting OK (with or without saving the indicator) will open targeting mode.

How to use Targeting Mode

5. Type or paste in your PCF formula.

Targeting mode lets you add this PCF to an existing chart, watchlist or data grid, or opena new chart or watchlist using this indicator formula. If you do not want to apply the PCF indicator at this time you can press "Esc" to exit targeting mode.

7. Targeting mode lets you add this PCF to an existing chart, watchlist or scan, or create a new scan or sort using this indicator formula. If you do not want to use the PCF at this time you can press "Esc" to exit targeting mode.