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Hi Grant,
Are you in the Pacific NW?? If so, you might consider joining our
ABNW Yahoo! group ( http://finance.groups.yahoo.com/group/ABNW/?yguid=227868394 ) and
attend a meeting (we try to meet monthly, but like what the road to
you-know-where is paved with, that's only sometimes). Next meeting is this
Saturday, south of Seattle near Auburn. Lots of different levels of
experience so don't be bashful. Besides, it's fun to see what others are
doing with AB, the markets, computers, etc.
Peace and Justice --- Patrick
----- Original Message -----
Sent: Monday, January 28, 2008 9:45
PM
Subject: [amibroker] Re: Average
Range
Patrick, you're awesome. Thank you so much, from one NW
trader to
another. :-)
--- In amibroker@xxxxxxxxxxxxxxx, "NW
Trader" <pk47hargus@xxx> wrote:
>
> Hi Grant,
>
> Several hours ago I posted a reply to you with code attached,
however it has yet to show up. Maybe I've been away so long that the
rules have changed, but no matter. I'll try again and just include
the code within the message. The following will plot the Average
Range as either points or percent of average Typical price
(selectable
via the parameters menu (right click the chart, select
Parameters in the
popup). Period for the average is also selectable
in
Parameters. This uses a simple MA. MA variations for Exp, Hull,
etc. can easily be substituted, or added as parameter selectable
choices.
>
> One note on the code Brian provided: the
_expression_ H-L used in
Midpoint returns the range for only the last bar
(day). As such,
IMHO it is not useful for evaluating the
midpoint of each day in the
average range period. And while I didn't
play with it much, I
couldn't get it to function properly in an
indicator (my apologies
Brian if I missed something). As such,
I find that either the MA of
Close or Average [ (H+L+C)/3 ] array are
useful for an indicator such
as I think you wanted. Below is the
code originally attached to the
missing post, slightly modified to use AVG
rather than C for the %
indicator.
>
> Enjoy.
>
> Peace and Justice --- Patrick
>
>
> // Average Daily Range
>
> // coded by
NWTrader
>
>
>
> R = H-L;
>
> periods
= Param( "Periods", 5, 1, 65, 1 );
>
> Display = Param("Display
Points (1) or % of MA of Typical Price
(2)", 1,1,2,1 );
>
>
AR = MA(R, Periods);
>
> PAR = (AR/MA(Avg,periods) )*100
;
>
> X = IIf(display == 1, AR, PAR);
>
> Plot( X ,
WriteIf(DISPLAY==1,
>
> EncodeColor(colorYellow) + "Average (" +
WriteVal(PERIODS,2.0) + "
period ) Daily Range (points) " ,
>
> EncodeColor(colorBlue) + "Average (" + WriteVal(PERIODS,2.0) + "
period ) Daily Range (% of C) "
>
> ),
>
>
IIf(display == 1, colorYellow , colorBlue) ,
>
> ParamStyle(" MA
Style", styleDashed | styleThick)
>
> );
>
>
>
>
>
> ----- Original Message -----
> From: longarm61
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Monday, January 28, 2008 8:00
PM
> Subject: [amibroker] Re: Average Range
>
>
> Thank you very much, Brian. Percentage is exactly
what I wanted
> (didn't want to ask for more than I
absolutely needed, though).
> Sorry for being such a
newb, but how would I plot this formula?
>
>
>
--- In amibroker@xxxxxxxxxxxxxxx,
"brian_z111" <brian_z111@>
wrote:
>
>
> > Actually, if I was going standardise BarRange I
would use the
> MidPoint
> >
> > Periods = x;
> > MidPoint =
(H-L)/2;
> > BarRangePercent = (H-L)/Midpoint
*100;
> > AveBarRangePercent =
MA(BarRangePercent,x);
> >
> >
> > brian_z
> >
> > --- In amibroker@xxxxxxxxxxxxxxx,
"brian_z111" <brian_z111@>
wrote:
> >
>
> > > Hello Grant,
> > >
> > > Something along the lines
of?
> > >
> > > Periods =
x;
> > > AveBarRange =
Sum(H-L,x)/x;
> > >
> > > You
can standardise (or normalise) by converting to %:
> >
>
> > > BarRangePercent = (H-L)/L *
100;
> > > Periods = x;
> > >
AveBarRange = Sum(BarRangePercent,x)/x;
> > >
> > > I always normalise in situations like
that.
> > >
>
********************************************************************
>
> > SUM
> > > - sum data over specified number
of bars Moving averages,
> summation
>
> >
> > >
> > >
> > > SYNTAX sum( ARRAY, periods )
> > > RETURNS ARRAY
> >
> FUNCTION Calculates a cumulative sum of the ARRAY for the
> > specified
> > > number of
lookback periods (including today).
> > >
EXAMPLE The formula "sum( CLOSE, 14 )" returns the sum of the
> > > preceding 14 closing prices. A 14-period simple
moving
average
> > could
> >
> be written "sum(C,14) / 14."
> > >
> >
>
*********************************************************************
>
> >
> > > You can use the Param function for
periods if you want to
change
> > the
> > > periods from with the context menu on a
chart.
> > >
> > >
PARAM
> > > - add user user-definable numeric
parameter Exploration /
> Indicators
>
> > (AFL 2.3)
> > >
>
> >
> > > SYNTAX Param( ''name'',
defaultval, min, max, step, sincr =
0 )
> >
> RETURNS NUMBER
> > > FUNCTION Adds a
new user-definable parameter, which will be
> > >
accessible via Parameters dialog :
> > > right click
over chart pane and select "Parameters" or press
> Ctrl+R
> > > allows to change chart parameters - changes are
reflected
> > > immediatelly.
>
> >
> > > "name" - defines parameter name that
will be displayed in the
> > > parameters dialog
> > > defaultval - defines default value of the
parameter
> > > min, max - define minimum and maximum
values of the parameter
> > > step - defines minimum
increase of the parameter via slider
in
> the
> > > Parameters dialog
> >
> sincr - automatic section increment value (used by drag-drop
> > > interface to increase default values for
parameters)
> > > WARNING: default/min/max/step
parameters have to be CONSTANT
> > numbers.
> > > This is because these values are cached and are
not re-read
> during
> > >
subsequent formula evaluations.
> > >
> > >
> > >
brian_z
> > >
> > >
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx,
"longarm61" <norm1@> wrote:
> > >
>
> > > > I would simply like an indicator that
shows the average
range,
> > from
> > > > high to low, of x number of bars.
Just the bars only. ATR
> takes
>
> > > into account the previous close, which I don't
want.
> > > >
> > > >
Anyone have or can point me to a formula for this?
> >
> >
> > > > Thanks in
advance,
> > > >
> > >
> Grant
> > > >
> >
>
> >
>
>
>
>
> Please note that this group is for discussion between
users only.
>
> To get support from AmiBroker please
send an e-mail directly to
> SUPPORT {at}
amibroker.com
>
> For NEW RELEASE ANNOUNCEMENTS and
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> http://www.amibroker.com/devlog/
>
> For other support material please check
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>
> Yahoo! Groups Links
>
Please
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For NEW RELEASE ANNOUNCEMENTS and other news always check
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For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
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For other support material please check also:
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