DailyRange.efs
EFSLibrary - Discussion Board
File Name: DailyRange.efs
Description:
Daily Range
Formula Parameters:
Notes:
The Range Indicator shows when the intraday high to low ranges exceed the interday close to close ranges. This approach proves useful in identifying the start and end of trends.
Download File:
DailyRange.efs
EFS Code:
/*********************************
Provided By:
eSignal (Copyright c eSignal), a division of Interactive Data
Corporation. 2008. All rights reserved. This sample eSignal
Formula Script (EFS) is for educational purposes only and may be
modified and saved under a new file name. eSignal is not responsible
for the functionality once modified. eSignal reserves the right
to modify and overwrite this EFS file with each new release.
Description:
Daily Range
Version: 1.0 11/10/2008
Formula Parameters: Default:
Notes:
The Range Indicator shows when the intraday high to low ranges exceed
the interday close to close ranges.
This approach proves useful in identifying the start and end of trends.
**********************************/
function preMain() {
setStudyTitle("Daily Range");
setCursorLabelName("Daily Range", 0);
setDefaultBarFgColor(Color.red, 0);
}
function main() {
var nLow = low(0);
return (close(0) - nLow) / (high(0) - nLow) * 100;
}