Template for Formula Based Indicator with Average

[Guest]

Hi,


I am having a issue building a formula based indicator. Since this is a issue I am sure many people have and will keep having I will make it very generic so everyone can use it.


The question is: Can someone build a WORKING formula of the following math with a length attached to it that can be changed.


The Average True Range Indicator is a good example. High – Low formula with a average and the example of how the math is written so anyone can copy and paste it to change whatever is needed.

The formula: ((H-L) + (H[1]-L[1])) /2

This formula (or any other formula that would make a good example) with a changeable moving average so that it can be made longer or shorter.


Thanks,

[NinjaTrader_PatrickH]

Hello DZ954,

Thank you for your post.

I do not understand the concept of adding a Length to the formula, can you expand on this idea?

[DZ954]

Let’s say I wanted to plot the average price with an input for the formula below (or any formula that includes math and bar references). How would this be done?


(High[0] + High[1] /2) +Open[0];


The other question/issue is I did get a formula like this to work on the current bar but after I loaded the chart once it won’t show after that. What can that be?



The end result needed is to have a template that anyone can just put in the math formula and then test lengths of that formula.

[Harry]

Hi,


I am having a issue building a formula based indicator. Since this is a issue I am sure many people have and will keep having I will make it very generic so everyone can use it.


The question is: Can someone build a WORKING formula of the following math with a length attached to it that can be changed.


The Average True Range Indicator is a good example. High – Low formula with a average and the example of how the math is written so anyone can copy and paste it to change whatever is needed.

The formula: ((H-L) + (H[1]-L[1])) /2

This formula (or any other formula that would make a good example) with a changeable moving average so that it can be made longer or shorter.


Thanks,

There is nothing to code. What you look for is a simple moving average of the range. Just open a chart, add a SMA with a period of 2 and then select the range indicator as input series.