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Date/Time: Tue, 30 Apr 2024 01:25:23 +0000

Post From: Auto Retracement Projection studies

[2014-12-07 18:21:43] Link To Thread - Link To Post [Go To First Post]
nioko54130 - Posts: 108
i have found this formula : x = price in % of the range x = [100* (last price-low price)] / (high price-low price) this formula is working when the price move inside his range. But, when the price extend his range, my formula stay at 100% or at 0%. How can i add some modification on it to get a result which considerate the extension of the range ? For example, if the price goes up and break his existing range. If the existing range is 100 tick (100 tick = 100%), how can i modificate my formula to get x=110% for example when the price have broke his range with 10 uptick (in this case, 110 tick is the new range, which is equal to 110% of the old existing range) Thank's for your help