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Narrowest Trading Range by Shashi Aggarwal

Calculating Narrowest Trading Range

* To: "Metastock Digest (E-mail)" <metastock@xxxxxxxxxxxxxxxxxx>
* Subject: Calculating Narrowest Trading Range
* From: Shashi Aggarwal <shashiag@xxxxxxxxxx>
* Date: Thu, 04 Oct 2001 16:58:05 -0500
* Importance: Normal
* Reply-To: metastock@xxxxxxxxxxxxx
* Sender: owner-metastock@xxxxxxxxxxxxx

Date: Tue, 2 Oct 2001 16:48:47 -0700 (PDT)
From: Joe Acevedo <cn001532@xxxxxxxxx>
Subject: Calculating Narrowest Trading Range

Can anyone help me with this formula. I'm trying to do the following:

Determine that today's trading range is the narrowest for the last four days.

today's trading range: i.e. If today's high-low <
(high- -low)yesterday, and (high -low)two days ago, and (high- -low)three days ago, and (high -low)four days ago thenthen plot 1, otherwise 0

I had been playing around with HHV,and LLV functions but these didn't quite work, because I needed to determine each of the previous days trading ranges.

Thanks,
Joe

Joe, Try this:


Narrowest Trading Range

If((H-L) < Ref(LLV((H-L),4),-1),1,0);

 

Substitute ATR for (H-L) if you want to use Average Trading Range instead.

Shashi

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