Trend Intensity Indicator

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  • #172417 quote
    robertogozzi
    Moderator
    Master

    The formula to add is (provided you already have calculated ADR):

    c6 = (range / ADR) > 0.55
    #172510 quote
    Ganeshalove
    Participant
    Junior

    How to calculate ADR. Is this correct?

    ADR = 100 * (summation[20](High / Low) / 20-1) >=2.4
    c3 = (range / ADR) > 0.55
    x = c3
    SCREENER[x]

    #172513 quote
    robertogozzi
    Moderator
    Master

    ADR (Average Daily Range) is simply an average of the daily range, say 20 periods:

    ADR = average[20,0](range)

    your formula is different but can achieve a similar goal using a ratio.

    #172514 quote
    Ganeshalove
    Participant
    Junior

    it’s Perfect. Thank you so much. Appreciate your kind help.

    #172523 quote
    bertrandpinoy
    Participant
    Veteran

    hello, I come to this topic, the title is promising..
    think you have the formula to integrate a strategy. One to two variable maximum? .

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Trend Intensity Indicator


ProScreener: Market Scanners & Detection

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This topic contains 49 replies,
has 3 voices, and was last updated by bertrandpinoy
4 years, 8 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 05/26/2021
Status: Active
Attachments: No files
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