Support Board
Date/Time: Wed, 27 Nov 2024 10:24:01 +0000
Post From: Range Calculation for Bars
| [2023-09-10 04:39:01] |
| Sawtooth - Posts: 4120 |
|
Because you are including an additional bar in the average with each new bar, only a very significant bar's range might push the cumulative average slightly higher, and only for that one bar. This becomes all the more true, as the total number of bars reaches a larger number. I actually built this on a spreadsheet, and this it what I observed. I think you might want to only average the current bar's range with the previous bar's range, or maybe the previous n bars. Or compare the current bar's range to an average of the previous n bars. |