Period Range

[Apprentice]

Indicator Will show percent position of the closing price within the range for last N periods,
which have preceded.

PR.lua

(3.04 KiB) Downloaded 848 times

The indicator was revised and updated

[sho-me-pips]

Would you modify this indicator or create a new indicator. Scale the numbering from 50% as 0.

100% = 10
0% = 10

I believe the math is: if > 50% (50%-PR)/PR*10 elseif < 50% -(50%-PR)/PR*10

Thank you in advance. This has been a very useful indi so far...

[Apprentice]

Your request is added to the development list.

[Apprentice]

PR.lua

(2.79 KiB) Downloaded 740 times

[sho-me-pips]

The formula works perfectly in excel.

You are correct, after looking closely at the formula, these are the changes I made and it is working perfectly.

Code: Select all

Central[period]=((source.close[period]-min) /((max-min)/100));
 end
 
 if Central[period] > 50 then
 Central[period]=((Central[period]-50)/50*10)
 elseif  Central[period]< 50  then
 Central[period]=((50-Central[period])/50*10)
 end

Thank You Very much...

[Apprentice]

Upper indicator is updated according to the new formula.

[Apprentice]

Use Last Period, parameter introduced.
If set to Yes, the current period is used in the calculation.

[Alexander.Gettinger]

MQL4 version of Period range oscillator: viewtopic.php?f=38&t=59589.

[Apprentice]

The indicator was revised and updated.