Trend Intensity Indicator

Ganeshalove · 2021-05-26T12:58:59+00:00

Please help me to convert following formula from TeleChart Software to Prorealcode: 100*AVGC7/GC65 where AVGC7 = the 7 day simple moving average AVGC65 = the 65 day moving average

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06/25/2021 at 12:35 PM #172417 quote
robertogozzi
Moderator

Legend
The formula to add is (provided you already have calculated ADR):
```
c6 = (range / ADR) > 0.55
```
06/26/2021 at 8:54 AM #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]

06/26/2021 at 9:53 AM #172513 quote
robertogozzi
Moderator

Legend
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.
06/26/2021 at 10:07 AM #172514 quote

Ganeshalove
Participant

Junior

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

06/26/2021 at 12:14 PM #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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