Category: Data Line Statistics Sales and Support: 022 - 4091 8900

Study Name -
Range Percentage Down From Highest

 
 

Description

  • Plots a line with values computed by evaluating the difference between the current value and the highest value as a percentage of the highest value
 

Interpretation

  • Helps in understanding the trading trend of stocks in the market

For eg. A slope rises when it is above 20-day SMA and falls when it is below it

 
 

Default Parameters Used/Inputs
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  • Data Line
  • Bars
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Returns/Output
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Down range in percentage from the highest value of the stock

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Formula

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RangePercentageDownFromHighest(X) = [(value(X)-Highest)/Highest]*100
where X is the current bar
current bar may vary from X-N to X

 
 
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