Schaff Trend Cycle Indicator

July 26th, 2017, 05:49 AM

Hi
Ok understand the [] means just previous value - no worries and thank you - so Just a bit more help needed if possible
In the line below for the STC calculation what does "CompoundValue" mean?
I know the rest but for the life of me don't get CompoundValue
Thx
Will V L

# smoothes calcuation for %FastD of MACD
rec PF = CompoundValue(1, PF[1] + (factor * (Frac1 - PF[1])), Frac1);

ABCTG · July 26th, 2017, 09:10 AM

wvl1211,

this should get you going:

Learning Center - CompoundValue

The ToS help section is quite comprehensive and you can find all the functionality explained there.

Regards,

ABCTG

wvl1211

Hi
Ok understand the [] means just previous value - no worries and thank you - so Just a bit more help needed if possible
In the line below for the STC calculation what does "CompoundValue" mean?
I know the rest but for the life of me don't get CompoundValue
Thx
Will V L

# smoothes calcuation for %FastD of MACD
rec PF = CompoundValue(1, PF[1] + (factor * (Frac1 - PF[1])), Frac1);

Schaff Trend Cycle Indicator

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Schaff Trend Cycle Indicator