IT_ARC
ARC (Average Range Comparison)
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The ARC indicator lets you see daily ranges and average daily ranges on your faster trading chart, for more convenience and less charts. Analyze what the market might do based on yesterday's range or the average 5 day range, average 10 day range or average 30 day range. A handy Databox can be turned on/off and positioned in any corner. The data can be displayed in Ticks or Points. A graphical representation can also be displayed which visually shows the relationships of the different ranges to each other and displays the current day high and low levels at the appropriate price levels.
Use this tool to help decide whether to trade a market, identify range breakouts, see extreme large or small ranges. This tool helps give you the power to decide.
The above picture shows a Daily chart on the left and a faster 15 min. chart on the right for comparison.
Full featured settings allow many options.
The chart above shows the correct price display for this type of instrument
and correct error handling for not enough days data for the 30 day functionality.
Key Features
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- Multi timeframe indicator
- Multiple position Databox placement.
- Display Databox on/off.
- Full graphical display for quick and easy comparison.
- Display graphics on/off.
Change Log
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1/23/19 - Corrected code to allow correct display if indicator panels are above the price panel. Corrected another error which (rarely) prevented the indicator from starting.
6/12/15 - Added 20 day average and a user set (days) average. Added adjustment to line length to Hi/Lo price display.
5/13/15 - Changed error handling for when not enough days are loaded. Now the indicator continues to function but indicates where more days are needed. Note that you must load more than 30 days for the 30 day functions and more than 10 days for the 10 day functions etc. because of weekends/holidays.
10/11/14 - Added option to see treasury notes and some bonds instruments in their native price format or in a decimal tick representation. Instruments include SR, UB, Z3N, ZB, ZF, ZN and ZT.
10/8/14 - Minor fix, now works correctly with obscure tick sizes such as .015625 on ZN and .0078125 on Z7 futures instruments.
10/7/14 - added product