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Simple indicator which can calculate difference of high and low of price bar
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Simple indicator which can calculate difference of high and low of price bar
Hello! Can you help me to find simple indicator which can calculate difference of high and low of price bar and display histogram under price chart like a volume.Tags: None
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Originally posted by olegator.msc View PostHello! Can you help me to find simple indicator which can calculate difference of high and low of price bar and display histogram under price chart like a volume.
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ATR(1) provides the so-called "true range" of the bar. It is the same value as the range of the bar, if and only if, there is no gap between the bar and the previous bar.
In any case, there is a Range indicator that ships with NinjaTrader. That is the correct one to use. After all, (high - low) is the definition of range.
ref: https://ninjatrader.com/support/help...n-us/range.htm
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Originally posted by koganam View PostATR(1) provides the so-called "true range" of the bar. It is the same value as the range of the bar, if and only if, there is no gap between the bar and the previous bar.
In any case, there is a Range indicator that ships with NinjaTrader. That is the correct one to use. After all, (high - low) is the definition of range.
ref: https://ninjatrader.com/support/help...n-us/range.htm
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