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Thanks for the help @Cabbie.After much investigation I would...

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farmlife

349 Posts.

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11/06/20

09:22

Post #: 45151931
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Originally posted by Cabbie: ↑

There is something here @farmlife but I have a sneaky suspicion this author has got confused with the ATR and true range - anyway might be a start.

Truerange:= Max( H - L, Max( H - Ref(C, -1), Ref(C,-1) - L) );

However, using algebra, it can be simplified to this:
Truerange:= max( H, Ref(C, -1)) - Min( Ref(C,-1), L);

Here's the publication anyway - must admit after all these years I've never read it or seen it before.

https://www.metastock.com/customer/resources/formulas/Formula_Primer_II.pdf

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Thanks for the help @Cabbie.
After much investigation I would have to create a new indicator which replaces the price bars. I contacted metastock help and it seems like a difficult problem. So back to plan A, I know what to look for, so I will visualize the bars for the time being.
It will be a project to work on.
Thanks again and have a good day.
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