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NomadaholicTrader
Apr 27, 2017 12:55 PM

Average Stretch 

EUR/USDOANDA

Description

Calculates the average of the minimum absolute move from either open to high or open to low, over the given number of bars.
Comments
Thaddeus1216
hello, While backtesting this SMA line I found interesting results. I essentially took the recent SMA number and added/subtracted from the RTH open, placing a line above and below. Price often respected those numbers. However, when I found the Open and closest extreme over the last 10 days and averaged it out, the numbers came out differently than the one plotted by your indicator. I even matched my numbers to the Simple Systems Trading stretch bands and they came out as exactly the same. Is your indicator supposed to be calculating something different than the Toby Crabel settings? If not, would you have any idea why I'm getting different numbers. Bottom line is, using your indicator gave me some impressive reads but I would like to mimic that with horizontal lines on the chart. Thanks
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