Quantitative Daily Range Indicator (QDR)

[Apprentice]

QDR.lua

(8.91 KiB) Downloaded 770 times

The indicator was revised and updated

[GekkoBlueHorseshoe]

Apprentice,

First of all, Many Thanks for coding this up in such a short space of time.

You have 'hit the essence' of it however, there are a few problems:

1) I can only display the lines when I select 'place under chart' from the 'Location' tab.
2) The indicator shows errors when it runs ("select lower time frame").
3) There seems to be a problem with the calculations as the values generated are way off the mark and they update with every increase/decrease in price.

If I give you the source code for my original VB application, that should help iron out the calculation errors.

Once the above errors/faults have been eradicated, I will be able to better explain the indicator for the other members.

[Apprentice]

If you select D1 from Indicator parameter menu.
You can use time frames less than or equal to D1.
And so on.

[Apprentice]

QDR V2.lua

(10.44 KiB) Downloaded 709 times

QDR V3.lua

(10.57 KiB) Downloaded 685 times

[Apprentice]

Indicator was revised and updated.