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Mark,
thank you for your answer.
I write what I read in my book:
"this system (its a breakout system) will not trade unless it
determines that there is enough potential. It does this by calculing
the average range for the last 1o days and the average open to close
range for the last 10 days, then dividing the latter calculation by
the former.
If the quotient is < or = 0,5 ...no trade
if the quotient is > 0,5... you can enter the trade
Regards
Reni
--- In amibroker@xxxxxxxxxxxxxxx, "mleonsprint" <mleonsprint@xxxx>
wrote:
>
> Yeah it's possible,
>
> So your wanting just "Open - Close" or what is it exactly that
your
> wanting coded up?
>
> So your wanting the "open - close" avg. for the last 10 days and
> then if todays ATR of the last 5 days is > your "open - close"
from
> the last ten days then you want a signal?
>
>
> Mark
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "renilange" <reni.lange@xxxx>
> wrote:
> >
> > Is it possible to create an indicator that calculate the
> difference
> > OPEN to CLOSE for the last 10 days and plot it as a line (more
or
> > less like the ATR).
> >
> > The idea is: if (range of O to C) : ATR >0,5 I can enter a
brekout
> > trade
> > if (range of O to C) : ATR < or = 0,5 trade is not
> > allowed.
> >
> > Perhaps is it possible to write the entire formula
> >
> > Thank you Reni
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