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Glossary · Pro tools

Your own indicator

A line you define with a formula, such as (close / sma(close, 200) − 1) × 100.

Why it matters

Every classic indicator is just arithmetic on prices. Writing your own lets you plot exactly the idea you have, then save it with your chart.

How to read it

Use close, open, high, low and volume, maths, and functions like sma, ema, rsi, highest and lowest. Start from an example, change one number, and watch the check under the formula.

Also called: custom formula, own indicator, script

Related

Chart templateA saved set of indicators you can load on any stock.Moving averageThe average closing price over a set number of days, drawn as a line.RSI (Relative Strength Index)A 0 to 100 gauge of how hard a stock has been bought or sold over the last 14 days.

In the Cluenex app, this explanation opens next to every your own indicator figure, with the live reading for the stock you are looking at. Open it in Cluenex