The open - close range indicator

Hi,

does anyone have an indicator measuring the average difference between the open and the close price of a bar for any given time frame? I'm looking for something like ATR, but this one only returns the average difference between highs and lows (as far as I could figure out from reading the code - might be wrong though).

If so could you please post it or send me a PM?

Unfortunately I don't know how to write indicators myself yet...

Big thanks for any help!

All the best

Here you go...

MadisonFX

Hey Madison,

I was actually looking for an indicator measuring the average difference between the open and the close (not the highs and the lows) of any selected number of candles on any selected time frame. For example, suppose that I'd first want to check the average "range" [open to close] of 5 candles on the weekly TF and then do the same for 20 candles on the monthly TF. I've looked everywhere on the net but can't find it. Your indi returns the average difference between highs and lows and only for a set number of days.

Thanks for posting it though. Maybe some day it will become handy.

Regards

Did you ever find this indicator
that shows open to close for x period
and not looking for high to low range

sounds easy enough to write, just store the open-close values in an array, then do a moving average on it, then draw the lines?

anyone have indicator as request above?
please share.
thanks

this look like a simple indicator to program / modify. Maybe you will have better luck starting a thread requesting help from programmer.