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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Origins of these 2 indicators

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Deion
Posted : Saturday, July 15, 2006 11:21:51 PM
Registered User
Joined: 2/19/2006
Posts: 89
 I was cleaning up my TC and getting rid of unused PCF's and charts and I came across a chart which contains two indicators but I can't remeber where I aquired them from?

The first one is a customer indicator of H-L which it seems to display the daily price range difference.

The second one is 100*(H-L)/L I assume this one also deals with the daily price range difference but I am not sure how it differes from the first indicator.

Any help would be appreciated
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Craig_S
Posted : Saturday, July 15, 2006 11:22:51 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 The first one

H-L

plots the daily net price range

The second

100*(H-L)/L

Is plotting that range as a percent of the low.
- Craig
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