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[User Discussion] - Average Daily Noise (ADN) Indicator

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[2014-10-14 16:38:18] #1 [Go To First Post]
User121729 - Posts: 37
I would like some help on how to create an indicator that would do the following: Calculate Daily Noise which is smallest of the below 2 calculations: 1. Abs(Prev Day pit session Hi - Previous Day open) 2. Abs(Prev Day pit session Lo- Previous Day open) Calculate the average over n days of Daily noise as input by the trader. The is the AVerage Daily Noise(ADN) Add the ADN to the current day open and draw a line. This is ADN Hi Subtract ADN from the current day open and draw a line. This is ADN Lo. This indicator would be plotted on any intraday chart. Can I get some help on this? Thanks

[2014-10-14 17:46:06] #2 [Go To First Post]
ganz - Posts: 1048
AC96172 It was done already https://www.bigmiketrading.com/elite-circle/33107-want-your-sierra-chart-indicator-created-free-2.html

[2014-10-14 21:02:46] #3 [Go To First Post]
User121729 - Posts: 37
That one does not work properly.

[2014-10-14 22:40:13] #4 [Go To First Post]
JohnL - Posts: 27
You don't really need to do any programming for this. Just do the calculations on a daily chart and reference it from your intraday chart as I've shown in the attached chartbook. Set the number of days to average in the simple moving average study.


ES-201412-GLOBEX [M] 5 Min #2 41926.939.png / V - Attached On 2014-10-14 22:37:56 UTC - Size: 83.2 KB - 726 views ADN.cht - Attached On 2014-10-14 22:38:11 UTC - Size: 141.42 KB - 500 views

[2014-10-14 23:41:12] #5 [Go To First Post]
ganz - Posts: 1048
AC96172 That one does not work properly. what does this mean exactly?

[2014-10-15 01:48:26] #6 [Go To First Post]
User121729 - Posts: 37
Cannot get it to draw 2 lines on chart as a study overlay..

[2014-10-15 08:53:48] #7 [Go To First Post]
ganz - Posts: 1048
AC96172 The study works as expected using the given equation http://s28.postimg.org/qelj7smdp/dn2.png

[2014-10-15 12:59:10] #8 [Go To First Post]
User121729 - Posts: 37
Got it! Thanks

[2014-10-16 05:04:34] #9 [Go To First Post]
Willson - Posts: 176
I am wanting this indicator also. I am not finding a way to load it into SC. Where to get? Where to put file? How to activate? Thanks in advance Regards

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