Expansion Contraction Indicator

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Expansion Contraction Indicator

Postby Apprentice » Fri May 02, 2014 3:37 am

Expansion Contraction Indicator.png

As requested.
viewtopic.php?f=27&t=60623

Will give a range of last N periods.
Range is define as.
Range = max of last N - min of last N
Average range is optional.

Expansion Contraction Indicator.lua
(3.04 KiB) Downloaded 488 times

The indicator was revised and updated
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Apprentice
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Re: Expansion Contraction Indicator

Postby Taskryr » Sun Nov 06, 2016 12:20 pm

Hello,

I'd like to request a simple addition to this indicator. Can we add an optional third line that is based on ATR for n periods? This third line needs to have a multiplier though. . . so that it shows n times ATR.

This is to monitor whether the average and range over n periods is greater or less than (Ex.) 2 or 3 times the ATR over n periods.

Thanks!
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