[moneymarkets]

Can anyone help with making an indicator that will plot on the price chart , the average daily range for a session?
I use Multicharts . Easylanguage is ok.
Thanks

[Tams]

Originally Posted by moneymarkets »

Can anyone help with making an indicator that will plot on the price chart , the average daily range for a session?
I use Multicharts . Easylanguage is ok.
Thanks

just use keltner channel.
it is made out of average true range.

[moneymarkets]

Thanks for your usual quick response. I may not understand but I think the Keltner channel is based on average true range . I need the average daily range for say 14 days, and at beginning of new day or session plot lines with average low and high of those 14 days.
Thanks again.

[Tams]

Originally Posted by moneymarkets »

Thanks for your usual quick response. I may not understand but I think the Keltner channel is based on average true range . I need the average daily range for say 14 days, and at beginning of new day or session plot lines with average low and high of those 14 days.
Thanks again.

yes... it is based on average true range.... just change avgtruerange to avgrange and viola, you have the indicator you wanted.