Reply To: Percent Rank Within Range Over Indicator History

Optuma Forums Optuma Scripting Percent Rank Within Range Over Indicator History Reply To: Percent Rank Within Range Over Indicator History

#55395
MathewMathew
  • Topics: 29
  • Replies: 1,472
  • Posts: 1,501

Hi Mason,

Have you looked at the Volume at Price tool (VAP)? It does have the extra concept of time spent at the various levels, but still if it is set to 20 bins with a lookback that matches your requirements, then you are going to have a really easy way to see on the chart if the price/indicator is at the top of it’s range.

vap

With 20 bins, each of those horizontal bars represents 5% of the historical price range. The magnitude is not needed for what you are doing, but I do find it interesting to see how much time has been spent at different levels.

That may answer item 2 but not so much item 1. I would do that with an Analysis Tile tool. This is a red light / green light tool which has a script in it. So if we set the script to the following:

STOCH(BAR1=1000) > 95

Then we get this

tile

Hopefully between the two concepts you can get what you need.

All the best

Mathew

 

 

Pin It on Pinterest

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close