10 bar avg range

[offshore]

I have a real simple indicator im trying to make...just something that notifies me of the avg range of the last 10 bars on a 5 minute chart.
I have this code which ive been messing with to get it t actually produce something but cant get it to work... any help would be appreciated. Thanks
def cond = (high - low) > Average((high - low), 10)

 

[halcyonguy]

I have a real simple indicator im trying to make...just something that notifies me of the avg range of the last 10 bars on a 5 minute chart.
I have this code which ive been messing with to get it t actually produce something but cant get it to work... any help would be appreciated. Thanks
def cond = (high - low) > Average((high - low), 10)

you didn't say what you want to see, so i guessed from your formula,
(high - low) > Average((high - low),
it looks like you want to know when todays high-low range is higher (or lower) than the average.

when i compared the range to the average,
def isup = (rng > avg[1]);
i used an offset on avg[1] , so it uses the average value from the previous bar, so the average doesn't include todays range.

this displays a label, with todays range and the average. the label turns green or red or gray , depending on it todays range is above, below, or the same as the average.

input len = 10;
def rng = high - low;
def avg = average(rng, len);
def isup = (rng > avg[1]);
def isdwn = (rng < avg[1]);
addlabel(1, "bar range " + rng + " is " +
(if isup then "above" else "below") +
" average " + avg
, ( if isup then color.green else if isdwn then color.red else color.gray));
#

 

[offshore]

Hey @halcyonguy thanks for the help...i ran the code and it looks good but I just want the small indicator in the upper left hand corner that tells me the avg range of last 10 bars. I was going to remove the painted bars in the code... would i just remove the last line of code to remove the painted bars?

 

[halcyonguy]

Hey @halcyonguy thanks for the help...i ran the code and it looks good but I just want the small indicator in the upper left hand corner that tells me the avg range of last 10 bars. I was going to remove the painted bars in the code... would i just remove the last line of code to remove the painted bars?

my code in post2 only creates 1 label. it doesn't change colors of any bars. sounds like you have another study loaded causing that.
disable each study, 1 by 1, to find which one is doing that.

 

[offshore]

This indictor has been working great... I was just wondering if I could tweak it so I could see 10 bar avg range based off previous bars. So if I hover over a random bar on a 5 minute chart it could show me 10 bar avg range from that point.

Thanks

 

[offshore]

Hey @halcyonguy I was wondering if could add an update from the original code that would allow me to hover over any bar on the 5 minute chart to see the avg bar range of the last 10 bars? Is this an easy change?

Thanks