avg daily range indicator request

[michaelm]

Requesting an efs line plot indicator based on average of daily range for past X days.
Thanks.

[Doji3333]

Go get it...

Michael,

I have posted an Avg. Daily Range file on my esignal group (http://share.esignal.com/groupconten...er=&groupid=33). You will find this file there.

If you need any help converting it, let me know. Otherwise, I will convert it and post it up to my group today for you..

Brad

[michaelm]

Brad,
what is the name of the efs in your file share group? i don't see any entitled avg. daily range. Thanks.

[Doji3333]

MENT Bar Range

The file name is MENT BAR RANGE...

B

[michaelm]

thanks...i see. not quite what i had in mind and i'm afraid i was unclear originally.
I'd like an line indicator to show on an intra-day chart the average daily range for past X (like 7) trading days. It would be even nicer to have it weighted, similar to weighted moving average.
Does this make sense?
ps - I suck at programming...makes my temples ache and gives me a white hot poker in back of my neck. So, i appreciate all the help.

[Doji3333]

New File Posted

Mike,

I just posted a new file with the Avg.Daily Range function to my group.

Go get it and let me know if it is what you want..

Brad

[michaelm]

Brad,
Appreciate the effort.
Here's what i'd like. E.g., on ES H3=2 (6:30-13:00pst).
2-25 23.75 is it's day's range today
2-24 14.25
2-23 22.50
2-22 13.75
2-21 12.00
_________
= 86.25 / 5days = 17.25 for average last 5 days
I'd like a line indicator which would display 17.25 for entire day tomorrow on my intraday chart, then after tomorrow's range is complete, the indicator would change to it's new average.
Thanks.

[Doji3333]

Solution...

As far as I know, this is not entirely possible at this time. There is a solution, but I have to re-write the code...

The immediate solution is to load this indicator onto a Daily chart and change the User-Input to 5. This will give you the range from the daily chart and allow you to use this on your intraday chart..

B

[michaelm]

i would also be satisfied if it were just an avg. daily range value that appears in my cursor window, and no line indicator, if that is any easier.

[michaelm]

Brad,

Don't know if this would help, but this code is from Previous Day Daily Bar efs.

/************************************************** **************************************************
Copyright © eSignal, a division of Interactive Data Corporation. 2002. All rights reserved.
This sample eSignal Formula Script (EFS) may be modified and saved under a new
filename; however, eSignal is no longer responsible for the functionality once modified.
eSignal reserves the right to modify and overwrite this EFS file with each new release.
************************************************** ************************************************** */
function preMain() {
setPriceStudy(true);
setStudyTitle("PDDB");
setCursorLabelName("PD-O", 0); // Open
setCursorLabelName("PD-H", 1); // High
setCursorLabelName("PD-L", 2); // Low
setCursorLabelName("PD-C", 3); // Close

/*
* Set the properties of the default bar. These will be the
* properties of any bar for which style, color, thickness is
* not specificed.
*/
setDefaultBarStyle(PS_SOLID, 0); // Open
setDefaultBarStyle(PS_SOLID, 1); // High
setDefaultBarStyle(PS_SOLID, 2); // Low
setDefaultBarStyle(PS_SOLID, 3); // Close

setDefaultBarFgColor(Color.red, 0); // Open
setDefaultBarFgColor(Color.black, 1); // High
setDefaultBarFgColor(Color.black, 2); // Low
setDefaultBarFgColor(Color.blue, 3); // Close

setDefaultBarThickness(2, 0); // Open
setDefaultBarThickness(4, 1); // High
setDefaultBarThickness(4, 2); // Low
setDefaultBarThickness(2, 3); // Close

setPlotType(PLOTTYPE_FLATLINES, 0); // Open
setPlotType(PLOTTYPE_FLATLINES, 1); // High
setPlotType(PLOTTYPE_FLATLINES, 2); // Low
setPlotType(PLOTTYPE_FLATLINES, 3); // Close


}

var vSymbol = null;
var vInterval = null;
var vLastRawTime = null;
var vLastO = null;
var vLastH = null;
var vLastL = null;
var vLastC = null;


/*
* This is a neat formula because it is working on multiple intervals
* sBarItem will be "Open", "High", "Close", or "Low"
*
*/
function main(bShowOpen, bShowHigh, bShowLow, bShowClose) {
if(bShowOpen == null)
bShowOpen = true;
if(bShowHigh == null)
bShowHigh = true;
if(bShowLow == null)
bShowLow = true;
if(bShowClose == null)
bShowClose = true;


var vBarTime;
var vAbsTime;
var vIndex;

var nState = getBarState();
if(nState == BARSTATE_ALLBARS) {
vLastRawTime = null;
vLastO = null;
vLastH = null;
vLastL = null;
vLastC = null;
vSymbol = getSymbol();
vInterval = getInterval();
vSymbol += ",D";

}

if(vInterval == null)
return;

/*
* No need to show the OHL or C on a daily chart.
* only interested in seeing OHLorC on intraday.
*/
if(vInterval == "D" || vInterval == "W" || vInterval == "M")
return;


vRawTime = getValue("rawtime");
if(vRawTime == null)
return;

vRawTime = Math.floor(vRawTime / RawTime.DAY);

// Start of Performance addition
if(vLastRawTime != null) {
if(vRawTime == vLastRawTime) {
return new Array(vLastO, vLastH, vLastL, vLastC);
}
}

/*
* What time is the current bar?
*/
vBarTime = getValue("time");

if(vBarTime != null) {
/*
* vTime is currently the time for the current intraday bar.
* Ask for the time of the previous trading day for "Symbol,D"
* Note: See that we are asking for a different time frame
* than the default by passing a symbol,interval
*/
vAbsTime = getPreviousTradingDay(vBarTime, vSymbol);
if(vAbsTime == null)
return;

/*
* Get index to first bar of day. In this case the daily bar.
*/
vIndex = getFirstBarIndexOfDay(vAbsTime, vSymbol);
if(vIndex != null) {
vO = getValueAbsolute("Open", vIndex, vSymbol);
vH = getValueAbsolute("High", vIndex, vSymbol);
vL = getValueAbsolute("Low", vIndex, vSymbol);
vC = getValueAbsolute("Close", vIndex, vSymbol);
vLastRawTime = vRawTime;
vLastO = vO;
vLastH = vH;
vLastL = vL;
vLastC = vC;
return new Array(vO, vH, vL, vC);
}
}
return null;

}

[michaelm]

Brad (or anyone),

From previous post, was wondering if way to get range data from that code and incorporate into said indicator efs?

[ACM]

The attached efs will plot both the range of the prior day and a user defined average of the ranges (default is 5 days).
Note that the EFS requires getPrevDaysOHLC.efs in the OHLC subfolder of Formulas. If you do not have it you can find a copy here
Alex