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Average Daily Range
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=63112
Forum: 17 · Topic 63112 · 37 post(s)
Average Daily Range
Apprentice · Fri Feb 05, 2016 6:24 am
Based on request. viewtopic.php?f=27&t=63109 Range= High-Low ADR = Avg or Last N Ranges Top Line= Open + ADRMultiplier Bottom Line = Open - ADRMultiplier
Average Daily Range on Chart.lua
Average Daily Range Dashboard.lua
MT4/MQ4 version. viewtopic.php?f=38&t=67213
Re: Average Daily Range
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.
Re: Average Daily Range
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
Re: Average Daily Range
Apprentice · Sat Feb 06, 2016 10:45 am
This looks like TS bug.
Re: Average Daily Range
Myotone · Sat Feb 06, 2016 11:13 am
Thank you. What should I do about the TS Bug?
Re: Average Daily Range
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.
Re: Average Daily Range
Apprentice · Wed Apr 04, 2018 5:47 am
Average Daily Range on Chart.lua added.
Re: Average Daily Range
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
Re: Average Daily Range
Apprentice · Thu Dec 27, 2018 5:24 am
Your request is added to the development list under Id Number 4389
Re: Average Daily Range
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
Re: Average Daily Range
logicgate · Thu Dec 27, 2018 8:26 am
Sorry, just wanted to complement the previous post:
So, those statistics are worth seeing on the ADR indi:
-The ADR Value and the projection (you could put next to the projection the distance in pips for them to be reached like “20 to go” -The Current day range -The Average Daily Up and Down movement in pips and the pips remaining in the current day for the average to be reached or surpassed.
Re: Average Daily Range
Apprentice · Fri Dec 28, 2018 6:33 am
MT4/MQ4 version. viewtopic.php?f=38&t=67213
Re: Average Daily Range
Reymondpolanco · Tue Apr 16, 2019 2:40 pm
can you add the option to show how many pips left to complete the daily range ?
Re: Average Daily Range
Apprentice · Thu Apr 18, 2019 5:16 am
Your request is added to the development list under Id Number 4599
Re: Average Daily Range
Apprentice · Fri Apr 19, 2019 4:57 am
Try this version.
Re: Average Daily Range
Reymondpolanco · Fri Apr 26, 2019 10:35 am
Apprentice wrote: Try this version.
Average Daily Range.lua
The remaing pips till the daily range is wrong, please check it
Re: Average Daily Range
Apprentice · Mon Apr 29, 2019 3:37 pm
I see no issues with it. Can you provide an example of the wrong value and what correct value should be?
Re: Average Daily Range
RVK2211 · Sat Jun 01, 2019 9:18 am
Apprentice wrote: I see no issues with it. Can you provide an example of the wrong value and what correct value should be?
Hi,
I have tried to apply the ADR to my charts and it shows nothing at all… I tired a few different symbols and settings, but nada….
Any suggestions?
RVK
Re: Average Daily Range
Apprentice · Sat Jun 01, 2019 9:53 am
You probably use the sub-hour time frame. ADR will use D1 as default. Try to use a higher chart time frame.
Re: Average Daily Range
RVK2211 · Sat Jun 01, 2019 9:29 pm
Apprentice wrote:
EURUSD H8 (06-01-2019 1456).png
You probably use the sub-hour time frame. ADR will use D1 as default. Try to use a higher chart time frame.
I think you are right as it works on a 4 hour chart… How do I get an ADR range on my 15m chart?
RVK
Re: Average Daily Range
Apprentice · Mon Jun 03, 2019 6:35 am
Compress your chart, to include more price points. If you change “Bar Size to display High/Low” to lower time frame, this will not be Average Daily Range
Re: Average Daily Range
RVK2211 · Tue Jun 04, 2019 2:06 am
Apprentice wrote: Compress your chart, to include more price points. If you change “Bar Size to display High/Low” to lower time frame, this will not be Average Daily Range
OK understood.
I have a request for a modification, as I would like to display the the Average Session Range (ASR?) for X number of sessions, either through adding a start/end time to the ADR indicator or add an ASR option to the Trade Session indicator to show the average session range over the last x sessions.
Is that possible?
RVK
Re: Average Daily Range
Apprentice · Tue Jun 04, 2019 6:12 am
Your request is added to the development list under Id Number 4695
Re: Average Daily Range
Apprentice · Wed Jun 05, 2019 2:57 am
Try this version. viewtopic.php?f=17&t=68537
TRADESESSIONS Range Overlay.lua
Re: Average Daily Range
RVK2211 · Wed Jun 12, 2019 8:40 am
Apprentice wrote: Try this version. viewtopic.php?f=17&t=68537
TRADESESSIONS Range Overlay.lua
Brilliant!!!
Re: Average Daily Range
Mohamed85 · Fri Jul 19, 2019 8:53 am
HI Apprentice, when I apply the indicator to the H TF it measures the daily range from the hourly candle not from the daily one as intended, in order to fix this I’ve changed the data source to D1 in the indicator properties panel, it works well in that case but it is shifted to the right side by 11 hrs, and near the end of the UK session it shifts to the next day, is there a way to fix this please, to make it shows at the start of the day to the end of the day based on he right measurements,
one more thing, if possible as well to make it measure the upper level from the low of the day and the lower level from the high of the day (not from the open price) as I believe this is the proper way.
thanks for the spport Regards.
Re: Average Daily Range
Apprentice · Mon Jul 22, 2019 4:08 am
See no issues with time. It works as expected (start of the day at 17:00 of NY). Changed high/low calculation as requested. 20 min
Average Daily Range.Mohamed85.lua
Re: Average Daily Range
chai88888 · Mon Jun 22, 2020 12:34 am
hi there can i make request about this indicator
can you make all symbols appear on one chart
thanks
Re: Average Daily Range
Apprentice · Mon Jun 22, 2020 3:10 am
As the lines? X pips from current chat open, based on other currency data. or as a dashboard?
Your request is added to the development list. Development reference 1532.
Re: Average Daily Range
chai88888 · Tue Jun 23, 2020 4:28 am
as a dashboard
where i can see all selected symbols on one chart
example period 5 eur/usd 106.78 gbp /usd 250.76 usd/jpy 80.45
so on …
but the period is adjustable
thanks
Re: Average Daily Range
Apprentice · Wed Jun 24, 2020 4:12 am
Your request is added to the development list. Development reference 1540.
Re: Average Daily Range
Apprentice · Wed Jun 24, 2020 5:38 am
Average Daily Range Dashboard.lua added to the top/first post of the topic.
Re: Average Daily Range
chai88888 · Thu Jun 25, 2020 11:07 pm
HERE A PICTURE OF THE AVERAGE DAILY RANGE IM TALKING ABOUT AND THE DASHBOARD LOOKS LIKE
THANKS
Re: Average Daily Range
Apprentice · Sun Jun 28, 2020 4:27 am
Your request is added to the development list. Development reference 1567.
Re: Average Daily Range
Apprentice · Mon Jun 29, 2020 8:45 am
Average Daily Range Multi Dashboard.lua
Average Daily Range Oscillator.lua viewtopic.php?f=31&t=65006
Re: Average Daily Range
chai88888 · Mon Jun 29, 2020 9:52 am
where can i find the AVERAGE DAILY RANGE OSCILLATOR?
Re: Average Daily Range
Apprentice · Tue Jun 30, 2020 3:34 am
Average Daily Range Oscillator.lua viewtopic.php?f=31&t=65006