Daily Range

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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  11/10/2008Formula 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;}