[EquisMetaStock Group] Re: Create 2 indicators showing normal range of stock per week & range of stock now?

["Jose Silva" <josesilva22@xxxxxxxxx>]

There's an error in that formula - try this version:

=============
Range - basic
=============
---8<--------------------------

{ Avg of Hi/Lo range over x periods }
{ http://www.metastocktools.com }

{ User inputs }
pds1:=Input("Lookback periods",1,2600,5);
pds2:=Input("Average over x periods",1,260,35);
type:=Input("type:  [1]Points,  [2]%",1,2,1);

{ Range }
hi:=HHV(H,pds1);
lo:=LLV(L,pds1);
range:=If(type=1,hi-lo,(hi-lo)/hi*100);
SmRange:=Mov(range,pds2,S);
avg:=Cum(SmRange)/Cum(IsDefined(SmRange));

{ Plot in own window }
avg;SmRange

---8<--------------------------


jose '-)
http://www.metastocktools.com



--- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@xxxx> 
wrote:
> 
> Why two indicators?  Try this:
> 
> =============
> Range - basic
> =============
> ---8<--------------------------
> 
> { Avg of Hi/Lo range over x periods }
> { http://www.metastocktools.com }
> 
> { User inputs }
> pds1:=Input("Lookback periods",1,260,5);
> pds2:=Input("Average over x periods",1,260,35);
> type:=Input("type:  [1]Points,  [2]%",1,2,1);
> 
> { Range }
> hi:=HHV(H,pds1);
> lo:=LLV(L,pds1);
> range:=If(type=1,hi-lo,(hi-lo)/hi)*100;
> SmRange:=Mov(range,pds2,S);
> avg:=Cum(SmRange)/Cum(IsDefined(SmRange));
> 
> { Plot in own window }
> avg;SmRange
> 
> ---8<--------------------------
> 
> 
> jose '-)
> http://www.metastocktools.com
> 
> 
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, "wetrade2002" <wetrade2002@xx
..
> wrote:
> 
> Hi
> 
> I am trying to create 2 indicators that shows a stock
> movement(Range) per week and where the range of the stock is
> currently?
> 
> I find that ATR does not work that well.
> 
> I want to see the average of the HIGH - LOW for the week for maybe 7 
> weeks.
> 
> Thanks





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