Hi to Low and Daily AV

 

Hello, i have an indicator that gives hi to low and daily average.

Can somebody please explain what this means? As seen on the picture, thanks

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pips.jpg  12 kb
 
pipsintheair:
Hello, i have an indicator that gives hi to low and daily average.

Can somebody please explain what this means? As seen on the picture, thanks

That is an average of nn days (depending on the parameters you use) of high-low range

 

Okay clear and what about the daily average why it is in red or green?

 
pipsintheair:
Okay clear and what about the daily average why it is in red or green?

Without knowing the code (since it was posted only as ex4 here : https://www.mql5.com/en/forum/177278 ) my guess is that it depends on the current and previous averages of nn days : if the average is rising, green, if the average is falling, red

 
Ray Cooper:
It’s good. But, I seem moving average is more effective for measuring dynamic level.

How do you measure "dynamic level" with moving average?

Reason: