wide range bar counter

Discussion in 'Technical Analysis' started by Trend Fader, Mar 27, 2003.

  1. I want to count how many bars in a chart are wide ranging bars.... meaning the high> yesterdays high and the low < yesterdays low..

    I have esignal and metastock... do any of these programs have this feature? If not... what program will do this?



    --MIKE
     
  2. Eddy

    Eddy

    Hi Mike,

    this can be easily done with Investor/RT from Linnsoft.com, using Esignal as datafeed

    It took me two minutes to get the following chart, showing the number of wide bars for INTC (red = down bar / green = wide up bar) since Jan 01, 2003

    You can create a "custom indicator" for counting the number of wide bars for a given period, chart it on a separate pane (here with an histogram) or use it within your favorite Quote page (see next message)

    Eddy
     
  3. Eddy

    Eddy

    Here the resulting Quotepage showing the number of wide bar since 01/01/2003 for a selection of nasdaq stocks :
     
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