This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

What's an indicator for the average high and low of a certain period?

Jump to new
Hey Tech/a, I definitely believe you know what you're doing, but Im running into problems knowing how to implement it.
(The Tradingview help pages are pretty confusing, which is why I'm asking here instead)

For the first step, do I use the moving average indicator and look at the last level at the very right of the chart, like this? (using a common, fairly simple symbol):



This chart is similar to the one Im using, and is easy for anyone to see:

Bitcoin (BTC) Price & Chart - Bitcoin Value AUD | CoinSpot

Bitcoin (BTC) coin live price, Bitcoin coin history, graph market cap and supply by CoinSpot - Australia’s most trusted cryptocurrency exchange since 2013.
www.coinspot.com.au

Yet, is there a better charting app I can try to understand the basic principle more easily?
 
(post 2 of 2):

Hey over9k, what I want is:

1) For any period X (an hour, a day, a few days)...
2) The average of all the high prices on the chart
3) The average of all the low prices on the chart
4) Have lines showing each
so I can decide if there is enough of a spread for me to bother trading (ie. choosing a low price to buy at and a higher price to sell at, short-term)
 

that's a mean-reversion system, trading within a range. plenty of ways to try and play a MR system.
 
Hi TiminOz,

For the first step, do I use the moving average indicator and look at the last level at the very right of the chart, like this? (using a common, fairly simple symbol):

Yes, that is correct, however, you will need to alter the parameter in this formula "MA (9, close, 0) " by changing close to high.
You will then need to create your second moving average using MA (9, low, 0).

Hope this helps,
Cheers Rob
 
Haha thanks Rob, ppl keep telling me awesome formulas but I have no idea how to enter them!

I'm using a chart similar to this one - how do I enter those formulae?

Cardano (ADA) Price & Chart - Cardano Value AUD | CoinSpot

Cardano (ADA) coin live price, Cardano coin history, graph market cap and supply by CoinSpot - Australia’s most trusted cryptocurrency exchange since 2013.
www.coinspot.com.au
 
You must log in or register to reply here.

Similar threads

Revisit and rehearsal on WETT a.k.a Weekend Trend Trader (WETT)
Replies
0
Views
708
bettamania
The dynamics of money and TIME: crimping cashflow for a period
Replies
3
Views
860
TiminOz
R
High Growth Stocks
Replies
0
Views
1K
robertbanking
R
R
Can trading platforms change the value of candles that have already closed?
Replies
8
Views
1K
peter2
What are the two main types of market analysis and how can we combine them?
2
Replies
31
Views
4K
tech/a
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...