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[User Discussion] - Weinberg's "Range Indicator"

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[2013-06-13 10:20:20] #1 [Go To First Post]
User20851 - Posts: 9
Hello, Does Sierra Chart offer an indicator that works like Jack Weinberg's Range Indicator, or is such an indicator possible to add. A description is as follows: Description Developed by Jack Weinberg, Range indicator compares intraday range with inter-day range Intraday range is bar’s (high – low) and inter-day range is (Close – Close-1) Author had a strong belief that crossing of intraday range outside the inter-day range is an indication of end of current trend It oscillates between 0 to 100 levels Interpretation RI crossing above level 80 is a signal to exit RI below 20 is indication that a new trend is about to take charge RI is useful to filter signal given by other studies Thank you very much!

[2013-06-13 15:54:02] #2 [Go To First Post]
vegasfoster - Posts: 444
Can you post the exact formula?

[2013-06-13 21:46:21] #3 [Go To First Post]
User20851 - Posts: 9
Hi Vegasfoster and all, I believe the formula would be here: http://www.csidata.com/images/study_formulas/68.gif Also, see attachment. Thanks!


range indicator.gif / V - Attached On 2013-06-13 21:45:51 UTC - Size: 2.11 KB - 633 views

[2013-06-14 03:58:24] #4 [Go To First Post]
vegasfoster - Posts: 444
It looks slightly different than anything I can recall, so I can do it tomorrow if someone doesn't beat me to it.

[2013-06-14 04:12:11] #5 [Go To First Post]
ganz - Posts: 1048
nobody can do it :)

[2013-06-14 05:32:12] #6 [Go To First Post]
vegasfoster - Posts: 444
Oh contrare monfrare!

[2013-06-14 21:49:33] #7 [Go To First Post]
vegasfoster - Posts: 444
I think ganz is right, output looks pretty screwy to me. I double checked the formulas and don't see any errors. On the surface, the W calculation is what seems off to me, but I could be wrong.


RangeIndicator.dll - Attached On 2013-06-14 21:48:35 UTC - Size: 19 KB - 678 views RangeIndicator.cpp - Attached On 2013-06-14 21:48:46 UTC - Size: 1.45 KB - 727 views

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