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Hi all! I have found very interesting indicator -Volatility Quality. This indicator was made for Metatrader but main idea was taken from Tradestation. Tradestation code: Variables: VQI(0), SumVQI(0), aver(0); If TrueRange <> 0 and (High - Low) <> 0 Then VQI = ((Close - Close[1]) / TrueRange + (Close...

metotron wrote:ok! I need 2 days to make correct code

This is my version of Daily Range based on TRO_Plot by TRO

ok! I need 2 days to make correct code

Ha!!! I know what problem is!!! It's cause we need to change.
I need it to display not as a histogram, dots or somethig else.
It must be horizontal line!!! Omega could not display broken lines (like metatrader)
Great thanks TRO!!!

Well that depends...... for today, the range changes everytime there is a new daily high or daily low. If you count today, then the value is going to change. averagefc( (HighD(1) - LowD(1) ) , 20 ) Using yesterday's data should take care of it. no...it doesn't work....look at the pic. it changes it...

Hm...TRO PLOT works good. But... its calculate its value on each bars inside day. Avery day has only one Daily Range.
Look at pic - i try to show what i need

Oh!!! Great Thanks!
I works!!!
But it's not my final question! Next will be after 2 days. I will try to build Cluster Indicators for FOREX

Do a search for this in the TradeStation forums and I'm sure you will find a solution. The first thing that came to mind is something like this (don't know if correct, just first thought): var: n(0), avgdailyrange(0); for n = 1 to 20 begin avgdailyrange = average(highd(n) - lowd(n),20); end; It doe...

"You want to know the range for each hour right?" i think not... I want to get Average Daily Range (for 20 days) on 15 or 1h harts. Example: R1-yesterday range was 120pips R2 - 2days ago - 100 pips R3 - 3days ago - 97 ----------- R20 - 20days ago -180 pips Average Daily Range = (R1+R2+R3+....

Hi all!!! I need smal help. I want to make indicator that will calculate Average Daily Range on 15min or 1h time frames. For that i need High and low from previously days. Example: if i want to make Average D. Range from 20 days i must take high and low from each of this days. Its easy if i use Dail...