Description

Custom studies return specific measurements of market action that you can define, chart, and analyze. These studies are an effective means of obtaining data for extreme situations.

Situational example

Create a VWAP with proprietary bands

Formula components

Custom studies are composed of bar and parameter values.

Formula example

MIVClose(@) - HVOL(@,Percent,HVolPeriod,HVolAnnFctr)

Measures the spread between Implied Volatility and Historical Volatility.

Location

Formula Builder Custom Studies window

Toolbox

Add Studies window

Used with

Custom studies can be used in the same ways standard studies can.

Pre-defined

Custom studies