Support Board
Date/Time: Wed, 04 Dec 2024 08:45:01 +0000
calculate and display
View Count: 130
| [2024-11-27 15:58:08] |
| Shlomi.B - Posts: 49 |
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is there a way of calculating and displaying Average daily range in percentage? as well as displaying market cap and float? |
| [2024-11-27 18:48:49] |
| John - SC Support - Posts: 36442 |
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Average Daily Range as a percentage of what exactly? What are you comparing the current value to? Depending on what you are doing, the Relative Volume study might do what you want: Relative Volume We do not have a way to get or show the Market Cap or Float. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-11-27 19:04:50] |
| Shlomi.B - Posts: 49 |
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thank you for letting me know that market cap and float wont be possible. in regards to your question on ADR I am looking for %ADR of a 20 day period. I looked at the relative volume study its not what im looking for. I simply want to display some stock info on my chart or in the current quote window. like the %ADR of 20 days.
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| [2024-11-27 19:31:53] |
| John - SC Support - Posts: 36442 |
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We still do not understand what you want to compare for the Average Daily Range. Are you wanting to know what the current day's range is in comparison to the previous 20 days? And does it matter if the range for the day comes from Intraday data or Historical data? Keep in mind that the High/Low/Open/Close for Intraday versus Historical data can be different, as they can be from different 24 hour periods and the Close in particular, for the historical data is the Settlement price and not just the last price at which a trade occurred. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-11-27 20:14:45] |
| Shlomi.B - Posts: 49 |
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what do mean by compare? I dont want it compared to anything. im not sure I understand your question. I want the Average daily range of 20 days calculated in % and displayed on my daily chart of whatever symbol im looking at.
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| [2024-11-27 21:08:10] |
| John - SC Support - Posts: 36442 |
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You are specifically asking for an Average Daily Range as a percentage. You can not have a percentage without having something to compare against. Let's say the Average Daily Range of the last 20 days is 37.25. How do we turn that into a percentage without having something to compare it against. If you want the current day's Average True Range in comparison to the 20 day average, then this can be displayed as a percentage, as it is a percentage of the 20 day average. For instance, if the 20 day average is 37.25 and today's Average Daily Range is 20.75, then you would have a percentage of 55.70% (20.75/37.25 * 100). For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-12-02 04:46:24] |
| Shlomi.B - Posts: 49 |
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I think that it needs to be compared to the price of the stock. lets say that stock A is trading at $100 per share and the average daily range of 20 days is $10 if we compare that to the price of the stock it would be an ADR of 10%. what im looking to do is find fast moving stocks by looking for high ADR% in relation to the price of the stock. does that make sense to you? is that possible to accomplish with Sierra? thank you in advance. |
| [2024-12-02 18:50:30] |
| John - SC Support - Posts: 36442 |
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Do the following: - Open a Daily chart for the symbol you want. - Add the "Average Daily Range" study to that chart. - Set the "Length" Input for the "Average Daily Range" study to be 20. - Select OK to close the study settings window. - Add the "Study Subgraphs Divide/Ratio" study to the chart. - Set the "Input Study 1" to be the "Average Daily Range" Study and subgraph - Set the "Input Study 2" to be the "Main Price Graph" and "Last" subgraph - Select OK to close the study settings window. The most recent data point in the "Study Subgraphs Divide/Ratio" gives you the ratio you are looking for. Note that if you want this as a percent, then you will need to multiply by 100, which you can do by using the "Study Subgraph Multiply" study. You can then display this value anywhere on the chart using the "Text Display for Study". Refer to the following: Average Daily Range Study Subgraphs Divide/Ratio Study Subgraph Multiply Text Display For Study For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-12-03 19:27:11] |
| Shlomi.B - Posts: 49 |
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thank you for your response, I went through the process you suggested and the value is incorrect. here is what I did please correct me if im wrong. I added the average daily range study to my daily chart (in this example im using JANX symbol) the value generated by the study is correct so far I verified it. its $3.28 ADR. the stock price is $61.95 so the percentage of ADR should be 6.60% now I added Study Subgraphs Divide/Ratio input 1 for my ADR study input 2 main graph / last the output I got is 0.053 which is incorrect. if I multiply it by 100 its %5.3 thats a 1.3% difference what am i missing here? |
| [2024-12-03 19:56:00] |
| John - SC Support - Posts: 36442 |
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How do you get a percentage of 6.60%? We get 5.3% with the numbers you provided (3.28/61.95 = 0.0529459).
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-12-03 19:59:21] |
| Shlomi.B - Posts: 49 |
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youre right I just did the math again and I had it wrong. im getting 0.053 which is 5.3% I tried applying the multiply study but im not getting 5.3% how do I set it correctly? |
| [2024-12-03 20:31:45] |
| John - SC Support - Posts: 36442 |
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The actual value will change constantly as the last price changes. It won't change by much, but it will change. Choose a moment and note each of the 3 items - Last Price, Average Daily Range, and the Ratio. If you have set it up correctly, then you should be able to divide the ADR by the Last price and get the same answer (to the noted number of decimal places) in the ratio study.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-12-03 20:33:22] |
| Shlomi.B - Posts: 49 |
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I figured it out. thank you so much for your time sir.
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