StockFetcher Forums · General Discussion · Question about Average Day Range Calculation<< >>Post Follow-up
SFMc01
272 posts
msg #69409
Ignore SFMc01
11/27/2008 7:53:33 AM

Am I calculating incorrectly?
If I display the Average Day Range calculation for one day for General Motors for the day of Wednesday, November 26, 2008 using the StockFetcher code: Add Column Average Day Range(1), the program displays: "52.2"

When I attempt to compute the Average Day Range(1) using the StockFetcher numbers for GM for that day, I get a different number: 50.52

StockFetcher reports GM's numbers as: O=4.45; H=5.87; L=3.44; C=4.81;
I compute: (5.87 - 3.44) / 4.81 = 50.52
While this difference may seem minor, it can make a difference when designing a filter using Average Day Range cutoff points. For example: "Average day range(10) > 5"

Is my computation incorrect?


SFMc01
272 posts
msg #69417
Ignore SFMc01
11/28/2008 1:49:01 PM

Tomb: Can you tell us what the official formula is? For example for Average Day Range(10) ?

Thanks

SFMc01
272 posts
msg #69422
Ignore SFMc01
11/29/2008 7:28:05 AM

Problem seems to have gone away. I cannot now duplicate the 50.2 that the program had displayed, but, now displays what I calculated?



chetron
2,817 posts
msg #69424
Ignore chetron
11/29/2008 8:43:57 AM

IT WAS ALL A DREAM, STEVE. YOU SHOULD HAVE KNOWN THAT, BEING RIGHT AND ALL. ; )

LOL


StockFetcher Forums · General Discussion · Question about Average Day Range Calculation<< >>Post Follow-up

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