|
PureBytes Links
Trading Reference Links
|
Someone out there was looking for the OBTR formula for MetaStock.
Here it is.
Good Luck,
Tim
Message-ID: <33EBF5B4.6D43@xxxxxxxxxxxxxxxx>
Date: Fri, 08 Aug 1997 23:44:36 -0500
From: Tim Kruzel <TKruzel@xxxxxxxxxxxxxxxx>
Reply-To: TKruzel@xxxxxxxxxxxxxxxx
X-Mailer: Mozilla 3.0 (Win95; U)
MIME-Version: 1.0
To: MetaStock User Group <metastock-list@xxxxxxxxx>
Subject: OBTR MetaStock Formula
References: <970808162156_953035791@xxxxxxxxxxxxxxxxxxxx> <33EBDFA3.4D601847@xxxxxxxxxxxx>
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
> ClaudB@xxxxxxx wrote:
>
> Robert,
>
> I understand OBTR is an intraday indicator. Do you know if
> there is
> a way to code it for MS as a daily indicator?
>
> Claud
>
> -----------------------------------------------------------------------------------------
For those interested in the On Balance True Range (OBTR)
indicator, here it is as a MetaStock function. I read the article
by the OBTR's creator, T. Bierovic. If I interpreted the article
correctly, this should be it. Let me know how it works.
Cum(If(C > Ref(C,-1),1,-1) *
(If(Ref(C,-1) < L,
{Then} (H - Ref(C,-1)),
{Else}
If(Ref(C,-1) > H,
{Then} (Ref(C,-1) - L),
{Else} (H - L)
))))
Regards, Tim
|