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And what thought did you put into this? Averaging the Range over five days, I get it. And then? What are the ratios? Why?
Now Chingiz_Project is working on fixed deviations, as I wrote earlier, percentage deviation based on ADR for the week shows good levels on all majors.
The ratios are 2.5% and 5% of ADR5. But this is my observation, perhaps playing with percentages and periods will find a better ratio.
In these pictures, the squares show ADR5 for each day and Chingiz_Project draws from the last ADR5 reading.
In these pictures the squares show ADR5 for each day and Chingiz_Project draws from the last ADR5 reading.
In these pictures, the squares show ADR5 for each day and Chingiz_Project draws from the last ADR5 reading.
What are the coloured squares? What is the formula for the Chingiz_Project indicator?
In these pictures, the squares show ADR5 for each day and Chingiz_Project draws from the last ADR5 reading.
Chingiz & Makar Project Extremes with DayRange 1.0 indicator
Genghis indicator with minimum distance calculations, using the size of several previous daily candles. This method was suggested by Makar.
Input parameters:
- Number of days to calculate the average daily range, in days;
- coefficient for finding the local trend, in percent;
- coefficient for finding the global trend, in percent.
Greetings Genghis!
Thinking of putting together an EA and giving it a try
I'll post it.
Greetings Genghis!
Thinking of putting together an EA and giving it a try.
I'll post it.
How do you interpret the indicator?
Chingiz & Makar Project Extremes with DayRange 1.0 indicator
Genghis indicator with minimum distance calculations, using the size of several previous daily candles. This method was suggested by Makar.
Input parameters:
- number of days to calculate the average daily range, in days;
- The coefficient for finding the local trend, in percent;
- The coefficient to find the global trend, in percent.
How is it better than a regular chart?
How is it better than a normal mashka?