At a different forum there is a explaination about an indior which quantify the daily range in a kind of exponential way. The explanation goes like this:
Quote Originally Posted by ;
Okay first how can this indior work? : the indior calculates the prior daily range. It takes the High minus the Low Cost (Yesterday High - Yesterday Low). Then it does the same for the 5 days. It does that for every seperate day and makes an average of the 5 times. Then it does the same for the 10 days. And it will the same for the 20 preceding days. Of these 4 outcomes it creates a new ordinary. It calculates the averages as a exponential moving average would do.
I really love that indior! I've attached it to this post.

But I wonder if it exist an indior, similar as the one which is described in the quote above, but instead of just measure the entire day it step between specific occasions. For instance: Perheps I would love to be aware of the range between 18:30 and 15:15 for some strange reason.

Anyhow... I believe you understand what I mean...

I've searched this forum, other forums and internet for this kind of indior but can't loe it? Perheps it is to hard to make?? Advice would be appriciated.


Regards / JoLimoney
https://www.forexforum.co.za/attachm...4644002308.mq4
https://www.forexforum.co.za/trading...s-selling.html