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Thanks Jose. I don't know what this indicator shows, but it is not up
bars ATR.
--- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@xxx>
wrote:
>
> Terry, try this indicator:
>
> ====================
> Up/Down bar averages
> ====================
> ---8<-------------------------
>
> { From: http://www.metastocktools.com }
>
> { User inputs }
> pds:=Input("SMA periods",1,260,5);
> type:=Input("plot: [1]Difference, [2]Percentage",1,2,1);
>
> { Difference: Momentum or RoC% }
> diff:=If(type=1,C-Ref(C,-1),
> (C/Ref(C,-1)-1)*100);
>
> { Up bars }
> up:=C>Ref(C,-1);
> upDiff:=up*diff;
> upAvg:=Sum(upDiff,pds)/Max(Sum(up,pds),1);
>
> { Down bars }
> dw:=C<Ref(C,-1);
> dwDiff:=dw*diff;
> dwAvg:=Sum(dwDiff,pds)/Max(Sum(dw,pds),1);
>
> { Plot in own window }
> upDiff;upAvg;
> dwDiff;dwAvg
>
> ---8<-------------------------
>
>
> jose '-)
> http://www.metastocktools.com
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, projosc <no_reply@> wrote:
> >
> > Hello new friends. Perhaps someone can help me with this. I want
to
> > create an average true range of up days separate from down days.
> > If I use the if() function, it returns the values I want
> > [if(c>ref(c,-1),c-ref(c,-1),0)] but also returns zeros for the
down
> > bars. This causes the moving average to be miscalculated. How do I
> > return only the positve values with no zeros and then devide by
the
> > apropriate number? Thanks
> > and I hope this will help others also. Terry
>
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