HI @TyraBjurman, Came across this Indicator of yours while searching for something related to range. It seems the formula you used for it is incorrect. It should simply be R=High-Low, which is then used to calculate True Range in case of gaps, and further to calculate ATR which is the MA for n no of bars of the same. Do look into it and correct me if I'm wrong, would learn something new in that case.
Came across this Indicator of yours while searching for something related to range.
It seems the formula you used for it is incorrect.
It should simply be R=High-Low, which is then used to calculate True Range in case of gaps, and further to calculate ATR which is the MA for n no of bars of the same.
Do look into it and correct me if I'm wrong, would learn something new in that case.
Cheers.