Script to calculate Average Daily Range? - Average True Range, ATR - General

faifarni 2006.02.27 19:28 #1

I'd like to see this also....

Mykola Bilak 2006.02.27 20:45 #2

isn't it ATR indicator?

ycomp 2006.02.27 20:50 #3

so if I wanted to see it for the last 50 days I would just look at the last bar's value for the ATR(50)?

cucurucu 2006.02.27 21:04 #4

Ycomp, what do you mean by daily range?

What do you mean by daily range? (High-Low)?

ATR is the average true range for the last n periods. The true range however, is not the High-Low for every day. True range is the maximum value of the following 3:

1.CurrentHigh-CurrentLow

2.Abs(PreviousClose-CurrentHigh)

3.Abs(PreviousClose-CurrentLow)

I hope you understand. Now, please tell me what exactly do you mean by the average daily range.

Bye.

range over the last Hello I want to How to code?

[Deleted] 2006.02.27 21:55 #5

#MTF_Average Range

I've attached #MTF_Average Range.mq4

It will give you the average range (high-low) for whatever period it is attached to. If you want the see the average range of a different timeframe, change the TimeFrame input to whatever timeframe you want. (1,5,15,30,60,240,1440,10080,43200)

The TimeFrame value must be greater than the current timeframe.

keris

BTW, unlike other MTF versions of custom indicators I've done, all the code is incorporated in this one file.

Files:

mtf_average_range.mq4 4 kb

Well working Trading System Next Timeframe Force Index Candles &

ycomp 2006.02.27 22:22 #6

thanks keris I think this is what I was looking for... plus a bit more!

ycomp 2006.02.27 22:24 #7

thanks for the explanation cucurucu.. now I understand better. I was just looking for High-Low.

cucurucu:
What do you mean by daily range? (High-Low)?

ATR is the average true range for the last n periods. The true range however, is not the High-Low for every day. True range is the maximum value of the following 3:

1.CurrentHigh-CurrentLow

2.Abs(PreviousClose-CurrentHigh)

3.Abs(PreviousClose-CurrentLow)

I hope you understand. Now, please tell me what exactly do you mean by the average daily range.

Bye.

Nicholishen 2006.02.28 00:17 #8

Here is a simple script to do what you are wanting.

Files:

average_range.mq4 1 kb

nohills 2006.02.28 11:22 #9

script

Hi Nic,

Appreciate your work.

Nicholishen:
Here is a simple script to do what you are wanting.

I think there is 1 error in this script:

for (int i=0;i<=PeriodsBack;i++)

must be:

for (int i=0;i<PeriodsBack;i++)

In your example it will go 11 times through the for loop

Nicholishen 2006.02.28 15:18 #10

nohills:
Hi Nic,

Appreciate your work.

I think there is 1 error in this script:

for (int i=0;i<=PeriodsBack;i++)

must be:

for (int i=0;i<PeriodsBack;i++)

In your example it will go 11 times through the for loop

Thanks for the catch nohills. What i meant to do was:

for (int i=1;i<=PeriodsBack;i++)

I didn't want to take the current bar into calculation. Thanks!