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PriceDistance

Category: Indicators By: lolo Created: October 12, 2015, 8:29 PM
October 12, 2015, 8:29 PM
Indicators
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PriceDistance

Evaluated measure of the “distance” covered by price movements overnight and during the day.

REM Price 'distance' during the day
dis = 2 * (HIGH - LOW) - ABS(CLOSE - OPEN) + ABS(OPEN - CLOSE[1])

RETURN dis AS"Daily Price Distance"

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Filename: PriceDistance.itf
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