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I was once trying to create the NR7 formula for my own use and came up with
some complicated arguments like the ones you and others have posted. Until
the correct answer hit me (like a sledgehammer, I may add) one day and I
have used that formula ever since - works like a charm ;). Here's the
formula I use:
(H-L) = LLV(H-L,7)
If you want to account for gaps, you need the ATR function:
ATR(1) = LLV(ATR(1),7)
JD
==============================================
>
> --- netfin <netfin@xxxx> wrote:
> > I am trying to run an exploration for NR7 (narrowest
> > range for the
> > last 7 days) and I came up with this formula:
> > If(abs(h,l)<ref(abs(h-l),-1) and
> > abs(h-l)<ref(abs(h-l),-2,....abs(h,l)
> > <ref(abs(h-l),--7),1,0). Any thoughts or
> > improvements on it?
> > Thank you
> > luca
> >
> >
>
>
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