Requesting Formula Help

[Timber]

I am new to the Formula building on Esignal. I need help constructing an
overbot/ oversold indicator. The formula is:

(((high-open) + (close-low))/ ((2*(high-low)))*100

I then need a 13 period moving average of this number plotted on chart below
price. The min. and max values should be 0 to 100.

thank you,
Timber

[eSignal_JasonK]

Hello Timber,

Click on the link below to download your completed formula.

OverBoughtOverSold.efs

[Doji3333]

Hope this is what you want....

Here is my first attempt at this. The code is manually calculating the averaged return value, so we may have to modify this a bit, but it should be very close to what you want.

I will also post it into my group... http://share.esignal.com/groupconten...er=&groupid=33

/****************************************************************************************************
Copyright © Matheny Enterprises
*****************************************************************************************************/
var returncount = 0;
var nLastRawTime = 0;
var TimberSum = 0


function preMain() {
    setStudyTitle("Timber Ind");
    setCursorLabelName("Timber Ind");
}

function main(vLength) {
   if (vLength == null) {
     vLength = 13;
   }

   var returnvalue;

   if ((returncount <= vLength) && (getValue("rawtime", 0) != nLastRawTime)) {
     TimberSum += ( ((high(0)-open(0)) + (close(0)-low(0))) / ((2*(high(0)-low(0))) )*100);
     nLastRawTime = getValue("rawtime", 0);
     returncount += 1;
     if (returncount == vLength) {
       returnvalue = TimberSum / vLength;
     }
   }

   if ((returncount > vLength) && (getValue("rawtime", 0) != nLastRawTime)) {
     TimberSum -= ( ((high(-13)-open(-13)) + (close(-13)-low(-13))) / ((2*(high(-13)-low(-13))) )*100);
     TimberSum += ( ((high(0)-open(0)) + (close(0)-low(0))) / ((2*(high(0)-low(0))) )*100);
     nLastRawTime = getValue("rawtime", 0);
     returncount += 1;

       returnvalue = TimberSum / vLength;
   }

//  Test for null returns.
    if (returncount < 13) {
       return 0;
    } else {
       return (returnvalue);
    }
} 

Brad

[eSignal_JasonK]

Good work Brad.

I realize I left out the moving average in my previous formula. Here is the new version with an adjustable length input for the moving average.

MAOverBoughtOverSold.efs