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is it correct?
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No. Change the first line as below:
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Period precedes
Smooth in WL4...
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...while in WL5 it's vice versa:
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There is no "correct" when it comes to custom indicators, but if you're comparing them there is "equivalence". Since it's very clear how you're calculating it in Wealth-Lab, why don't you find out how TC calculates it and then compare the calculations. That's where you'll find the difference.
Bravo Eugene. Incidentally, the Wealth-Lab Wiki has the extended definitions of standard and other indicators. When 5.1 is released, the Indicator dialog will link to the Wiki.
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