Average Daily Range

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Average Daily Range

Postby Apprentice » Fri Feb 05, 2016 6:24 am

EURUSD H1 (02-05-2016 1149).png

Based on request.
viewtopic.php?f=27&t=63109
Range= High-Low
ADR = Avg or Last N Ranges
Top Line= Open + ADR*Multiplier
Bottom Line = Open - ADR*Multiplier
Average Daily Range.lua
(3.91 KiB) Downloaded 904 times

Average Daily Range on Chart.lua
(5 KiB) Downloaded 452 times


MT4/MQ4 version.
viewtopic.php?f=38&t=67213
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Re: Average Daily Range

Postby Myotone » Fri Feb 05, 2016 8:52 am

Thank You for directing my attention to this ADR. This is just what I have been looking for and couldn't find. Thank you.
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Re: Average Daily Range

Postby Myotone » Fri Feb 05, 2016 9:31 am

After a short period of running the indicator with the Alligator and the AO the ADR indicator loads itself in to the AO as well as on the chart. Is there any way of stopping this double loading?
Thank you
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Re: Average Daily Range

Postby Apprentice » Sat Feb 06, 2016 10:45 am

This looks like TS bug.
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Re: Average Daily Range

Postby Myotone » Sat Feb 06, 2016 11:13 am

Thank you. What should I do about the TS Bug?
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Re: Average Daily Range

Postby Myotone » Tue Feb 09, 2016 12:03 pm

Still looking for a reliable simple ADR. The one above gives different readings to the MFT ADR Projection and all the ADR indicators here give different readings to each other when set to the same settings.. Would it please be possible to program an accurate reliable 14 day ADR. The double loading is now confirmed as a FXCM issue in hand.
Thank you for your help so far.
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Re: Average Daily Range

Postby Apprentice » Wed Apr 04, 2018 5:47 am

Average Daily Range on Chart.lua added.
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Re: Average Daily Range

Postby logicgate » Wed Dec 26, 2018 10:21 pm

Dear friend apprentice, can you please compile a MT4 version of this indi? Perhaps it is already here on the forum and I didn't find it.

I also would like to ask a little add on. Is it possible to display near the ADR value a countdown of the ADR? For example, if the ADR is 150, then, if the price moved 110 pips on the day, next to it could have another reading like "Remaining: 40". I remember I had an ATR indicator in my old computer that would show the ATR for the day, then the distance to high and low and the ATR remaining for the day, so you wold know the chances for the price reaching a level.

Cheers
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Re: Average Daily Range

Postby Apprentice » Thu Dec 27, 2018 5:24 am

Your request is added to the development list under Id Number 4389
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Re: Average Daily Range

Postby logicgate » Thu Dec 27, 2018 8:21 am

Dear friend apprentice, I was thinking about this and now I remembered that the countdown was based on the average intraday pip movement, not the daily range. Because the daily range is smaller than the up and down movements, like in this image attached. So the other average I am talking about is the Average Daily Pip Movement, this is the one that makes sense watching counting down to see if it is reached or not, or surpassed. So, if you can, combine those two into one, please!

Cheers
Attachments
dailymove.png
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