The Range
is just (H-L) vs. the True Range that Wilder’s ATR() uses.
If you
want to apply ATR-type averaging to (H-L), use Wilders( (H-L), Periods) instead of
MA( (H-L),
Periods) or EMA( (H-L), Periods).
Bob
-----Original
Message-----
From: amibroker@xxxxxxxxxxxxxxx
[mailto:amibroker@xxxxxxxxxxxxxxx]On Behalf
Of Tony Lei
Sent: Saturday, December 10, 2005
8:08 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Stock and
criteria selection help
Hi all,
I've been using Average True Range for quite sometime for my stock criteria
selection but I would like to create a similar indicator based on the High and
Low of the day. How would I create a similar indicator where I can pick
stocks that have traded more than $1.5 from the low or high of the day
(excluding gaps) on average of 15 days?
E.g.
AET, CEPH, COF, TIE
You can see that above stocks have traded for about $1.5 or more in a day
excluding gaps.
Thanks
tony
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