V. 19:1 (57-59): Tradersí Tips

V. 19:1 (57-59): Tradersí Tips
Item# \V19\C01\0008TIPS.PDF
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Jayanthi Gopalakrishnanís range index described elsewhere in this issue is very easy to build in NeuroShell Trader using existing standard indicators that find the highest high, the lowest low, and the log.

The first indicators youíll need are in the arithmetic category. First, insert the divide indicator. For the denominator of the divide indicator, insert the log indicator, setting the log operand equal to the number of time periods. For the numerator, insert the log indicator, and for the operand of the log, insert the subtract indicator.

Next, in the subtract indicator, insert the maximum value indicator as the first operand and the minimum value as the second operand. These are found in the basic category. Set the time series for the maximum value to the high, and set the time series for the minimum value to the low. Thatís it!

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