Looking for a daily range indicator

hi there,

im looking for an indicator that measures the average daily range (from high to low) over a period of time (input).

I want the Indicator to alert whenever the current days range of a stock meets the average daily range so i can take a look at the asset for either a mean-reversion play or a breakout pattern.

Is there any indicator available?

Thanks and happy new year!
Phil

hi there,
im looking for an indicator that measures the average daily range (from high to low) over a period of time (input).
I want the Indicator to alert whenever the current days range of a stock meets the average daily range so i can take a look at the asset for either a mean-reversion play or a breakout pattern.
Is there any indicator available?
Thanks and happy new year!
Phil

It is a good start, but you need to expand on your description...

eg. Where do you want to do this analysis? On a daily chart? as part of an intraday minute chart?
All these detail matters, because the answer is always -- it depends.

You should get yourself acquainted with a few functions that came with your PowerLanguage Editor (PLE):

AvgTrueRange (Function)
Range (Function)
RangeLeader (Function)
TrueRange (Function)
TrueRangeCustom (Function)


You can find the description, explanation, and usage examples in this free e-book
EasyLanguage® Functions & Reserved Words Reference

(try google for a copy)