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Chartists can place two horizontal lines with different colors on an indicator by adding the indicator twice. The trick is to set the second indicator behind the first. This means the two indicators will overlap and it will look as if one indicator is plotted, when in fact two are actually there. Placing a second indicator behind the other can be done by choosing “Behind Ind.” as the “Position”. Horizontal lines can be added by clicking advanced options and adding overlays. Chartists can also add two lines of the same color by entering two comma-separated numbers in the parameters box.
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The chart above shows the S&P 500 with RSI sporting two horizontal lines. A red line is set at 60 and a blue line at 40. This is not a recommendation for settings. It is just an example of how to add two horizontal lines. This technique can be applied to any indicator: Chaikin Money Flow, Aroon, CCI, MACD etc...
Posted by: Philip Cataldo December 17, 2010 at 07:17 AM
Posted by: Greg Polites December 17, 2010 at 13:56 PM
Posted by: mike mcfate December 22, 2010 at 20:35 PM