Average Movement for 5 days

[ketoma21]

Is there an EFS file out there that would take the (High – Low) of the past 5 days and divided by 5 to see average movement?

Example:

...............Day1........Day2........Day3....... .Day4........Day5
High.........20............21............22....... .....23............24
-
Low.........19.50.......20.............21.50...... .22............23.50
------------------------------------------------------------------------
................0.5...+.....1......+.......0.5.... .+....1.....+.......0.5....=...3.5

3.5 divided by 5 = 0.7

It would return 0.7 (Which is the average movement for the past 5 days).

Thank you

Keto

[ACM]

Keto
The attached efs should do what you asked.
FWIW another way of achieving the same result would have been to use the Formula Wizard and create a study with two moving averages one for the High and one for the Low both with a length of 5. At that point in the return you would simply subtract the MA of the Low from that of the High.
Alex

[ketoma21]

Thank you very much Alexis

that's what I was looking for the only PROBLEM I need to put it on a 60 min chart by using this code it's going to look at 5 bars back not 5 days back. So, some how I need to find day high and Low of the past 5 days.

[ACM]

Keto
In that case I would suggest checking out Chris Kryza's AverageDailyRangeBands.efs which is available here
Alex

[ketoma21]

Thank you very much that is what I need

I'm adding this to the code but why it does not work in REALTIME

I want it to compute in realtime during the day High - Low

the EFS getTodayOHLC.efs being called comes with esignal


function preMain() {

setPriceStudy(false);
setStudyTitle("High-Low");
}

function main( ) {
var tHigh;
var tLow;
var tRange;

tHigh = call("getTodayOHLC.efs", "High");
tLow = call("getTodayOHLC.efs", "Low");
tRange = tHigh-tLow;

return tRange;
}