Support Board
Date/Time: Sun, 22 Dec 2024 14:54:52 +0000
Post From: Draw daily ATR as band on intraday chart
| [2014-09-25 16:26:12] |
| Al SC Developer - Posts: 434 |
|
in ver 1196, there will be a new study called Daily Range Band. To use the study, you will first set up a daily chart and apply a study like Average True Range or Average Daily Range. You may want to set the displacement of the range study to one depending on the behavior you want to see. Doing this will cause the stable range values to be used instead of the value for the current day which is still updating. Next set up an intraday chart for the symbol, and apply the new Daily Range Band study. The study has two inputs: Daily Band Range Subgraph - specifies the daily range study subgraph to use for building the bands. This should point to the subgraph of the study on the daily chart. Gap Adjust With Yesterdays Close - when enabled, the prior days close is used along with the current days high/low to adjust for any gaps. The output consists of two subgraphs that form the upper and lower bound of the predicted range using the current days high/low, the daily range specified, and potentially the prior days close: Upper Band: min(today's low, previous daily close) + daily range input Lower Band: max(today's high, previous daily close) - daily range input |