Hi
I need help with math
if I want to know the midprice of a range I do this:
{50% range}
(High + Low) *0.50
or a 75%
{75% range}
(High- (High-Low)*0.75)
Now, if I want do know the percentage between High and Close I do this:
((High-Close)/100)
My problem is the result that this formula give me.
Let's see with the S&P friday data.
((1008-988)/100)=0.20
That 0.20 indicates a 2% range but if we look tho the previous formulas the 0.50 and 0.75 indicates a 50% and a 75% respectively. So, that 0.20 could be read like 20% and not 2%, correct?
Can anybody help me with this problem? I'm going nuts with this
Thank you
I need help with math
if I want to know the midprice of a range I do this:
{50% range}
(High + Low) *0.50
or a 75%
{75% range}
(High- (High-Low)*0.75)
Now, if I want do know the percentage between High and Close I do this:
((High-Close)/100)
My problem is the result that this formula give me.
Let's see with the S&P friday data.
((1008-988)/100)=0.20
That 0.20 indicates a 2% range but if we look tho the previous formulas the 0.50 and 0.75 indicates a 50% and a 75% respectively. So, that 0.20 could be read like 20% and not 2%, correct?
Can anybody help me with this problem? I'm going nuts with this
Thank you
Classic.