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A newbie question. I would like to get the 7 day moving average of daily highs-daily lows. That is the 7day average daily range. Not the atr. How would I do this?
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Re: average daily range
lenz
The first thing you would need to do is to create a function [called for example myRange] that will calculate the range ie high(0)-low(0)
Then from the main function you would call that function using the efsInternal() function while passing to it [as the last parameter of the efsInternal() call] the irequired interval using the inv() function. This will create a custom series that can be used as a source in the sma() function (for the description and syntax of these function see the links to the corresponding articles in the EFS KnowledgeBase)
You can find a complete example of this specific study in this thread which explains the use of the efsInternal() mentioned above
Alex
Originally posted by lenz
A newbie question. I would like to get the 7 day moving average of daily highs-daily lows. That is the 7day average daily range. Not the atr. How would I do this?
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