Average Daily Range

[ninereps]

I searched around for an answer to this question but I didn't see anywhere where it was answered directly.

I came across a script made by jngy2k and wanted to change it up slightly to also include historical ADR as a percentage and not just the dollar range.

For example AMZN is showing 5.02% ADR today but it is plotting 113.50 ADR. When you look at the graph it shows the range of the stock but not the percentage.

Does anyone know how I would edit the script so that percentage of ADR is plotted instead of dollar range?

Here is the script:

plot ADR = MovingAverage(AverageType.wilders, high-low, length);
ADR.SetDefaultColor(GetColor(6));

AddLabel (yes, "ADR:" + round((ADR) , 3), Color.light_green);

AddLabel (yes, "ADR:" + Round((ADR / close) * 100, 3) + "%", Color.light_green);

 

[SleepyZ]

I searched around for an answer to this question but I didn't see anywhere where it was answered directly.

I came across a script made by jngy2k and wanted to change it up slightly to also include historical ADR as a percentage and not just the dollar range.

For example AMZN is showing 5.02% ADR today but it is plotting 113.50 ADR. When you look at the graph it shows the range of the stock but not the percentage.

Does anyone know how I would edit the script so that percentage of ADR is plotted instead of dollar range?

Here is the script:

plot ADR = MovingAverage(AverageType.wilders, high-low, length);
ADR.SetDefaultColor(GetColor(6));

AddLabel (yes, "ADR:" + round((ADR) , 3), Color.light_green);

AddLabel (yes, "ADR:" + Round((ADR / close) * 100, 3) + "%", Color.light_green);

See if this is what you were looking to happen

declare lower;
input length = 14;
def ADR = MovingAverage(AverageType.wilders, high-low, 14);

AddLabel (yes, "ADR: " + round((ADR) , 3), Color.light_green);

AddLabel (yes, "ADR: " + Round((ADR / close) * 100, 3) + "%", Color.light_green);

plot x=Round((ADR / close) * 100, 3);