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[amibroker] Re: Average Range



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Thanks for the invite, sounds interesting.  Perhaps if/when your 
meeting is in the Portland area, I'll check it out.  Thanks again for 
the help, really appreciate it.

Grant


--- In amibroker@xxxxxxxxxxxxxxx, "NW Trader" <pk47hargus@xxx> wrote:
>
> 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 ----- 
>   From: longarm61 
>   To: amibroker@xxxxxxxxxxxxxxx 
>   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@> 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 other news always check 
DEVLOG:
>   >   http://www.amibroker.com/devlog/
>   > 
>   >   For other support material please check also:
>   >   http://www.amibroker.com/support.html
>   >    
>   >   Yahoo! Groups Links
>   >
> 
> 
> 
> 
>   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 other news always check DEVLOG:
>   http://www.amibroker.com/devlog/
> 
>   For other support material please check also:
>   http://www.amibroker.com/support.html
>    
>   Yahoo! Groups Links
>




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 other news always check DEVLOG:
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For other support material please check also:
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