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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Quick method to estimate stock avg % trade daily range, Thanks

Quick method to estimate stock avg % trade daily range, Thanks

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bf9627

Posted : Tuesday, February 14, 2012 11:54:38 AM

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Joined: 9/14/2009
Posts: 15

Bruce_L

Posted : Tuesday, February 14, 2012 12:02:32 PM

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Joined: 10/7/2004
Posts: 65,138

If you want a quick and dirty estimate, you could try something like the following for a 30-Period Simple Moving Average:

100 * (AVGH30 / AVGL30 - 1)

The results are usually very close to the much longer:

100 * ((H / L + H1 / L1 + H2 / L2 + H3 / L3 + H4 / L4 + H5 / L5 + H6 / L6 + H7 / L7 + H8 / L8 + H9 / L9 + H10 / L10 + H11 / L11 + H12 / L12 + H13 / L13 + H14 / L14 + H15 / L15 + H16 / L16 + H17 / L17 + H18 / L18 + H19 / L19 + H20 / L20 + H21 / L21 + H22 / L22 + H23 / L23 + H24 / L24 + H25 / L25 + H26 / L26 + H27 / L27 + H28 / L28 + H29 / L29) / 30 - 1)

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-Bruce
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bf9627

Posted : Tuesday, February 14, 2012 4:00:11 PM

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Joined: 9/14/2009
Posts: 15

I apologize I missed your reply earlier. Thank you again for your help, Bill

Bruce_L

Posted : Tuesday, February 14, 2012 4:07:50 PM

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Joined: 10/7/2004
Posts: 65,138

You're welcome.

-Bruce
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