In addition to standard studies, you can create your own Custom Studies with our powerful Formula Wizard. To add a Custom Study, select Studies --> Custom Study Wizard.

Click New to create a new study or select one of the existing custom studies and click Edit to edit it.

Specify the name of the custom study and use Formula Wizard to create the formula. The following example demonstrates how to create a custom study that shows Bar Point Range (difference between daily high and low):

The new field will appear in Studies --> Add Custom Study menu. Clicking on the study name in Studies --> Add Custom Study will add that study to the chart layout.

Custom Study properties can be modified by right-clicking on the study in the chart and selecting it from the Edit menu:

Custom Study properties include:

• Color, Thickness
• Display modes: Normal, Histogram, Horizontal @ last bar's value. Horizontal mode is useful for drawing pivot lines (e.g. yesterday's high, low, close, (H+L+C)/3 ) on intra-day charts.
• Vertical Scaling modes: Normal, Exclude from vertical scaling, Scale to other graphs. Normal mode includes the study for vertical scaling. "Exclude from vertical scaling" mode is useful when the overlayed study is far away from the price range and you don't need to see it until price and study converge. "Scale to other graphs" mode is useful for overlaying another symbol which trades in a completely different price range (e.g. overlay NASDAQ over CSCO).
• Whether to display Y-axis label for the study (useful when Y-axis becomes cluttered with many studies).
• Whether to override all intervals within the study formula with the current chart interval. If you want to combine multiple intervals (timeframes) on the same chart, uncheck this setting.
• Alternate Symbol is specified to override the current chart symbol when calculating the study formula (useful for overlays).

Click here for Custom Study Examples