Average Daily Range ('ADR') Indicator for TradingView
This script is based on the "Best 'ADR' Indicator for MT4" described at www.fxdayjob.com/bes...t-adr-indicator-mt4.
Inputs:
See also:
- www.fxdayjob.com/best-adr-indicator-mt4
- pivotboss.com/2012/0...t-real-time-targets/
- www.jarrattdavis.com...erage-daily-range-2/
This script is based on the "Best 'ADR' Indicator for MT4" described at www.fxdayjob.com/bes...t-adr-indicator-mt4.
Inputs:
- Number of 'ADR' Back - Set the number of calendar days back to plot historical 'ADR'. The default value is 7.
Non-trading days are not taken into account.
A value of 7, for example, would display only 5 'ADR' for a 24x5 market.
- Number of 'AWR' Back - Set the number of calendar weeks back to plot historical 'AWR'. The default value is 0.
- Number of 'AMR' Back - Set the number of calendar months back to plot historical 'AMR'. The default value is 0.
- Number of 'AYR' Back - Set the number of calendar years back to plot historical 'AYR'. The default value is 0.
- 'ADR' Length parameter - Set the length parameter of 'ADR'. The default value is 1.
- 'WDR' Length parameter - Set the length parameter of 'AWR'. The default value is 1.
- 'MDR' Length parameter - Set the length parameter of 'AMR'. The default value is 1.
- 'YDR' Length parameter - Set the length parameter of 'AYR'. The default value is 1.
See also:
- www.fxdayjob.com/best-adr-indicator-mt4
- pivotboss.com/2012/0...t-real-time-targets/
- www.jarrattdavis.com...erage-daily-range-2/
Catatan Rilis:
Fix the incorrect ADR math which manifests when length parameter > 1. Thanks to @PierreAbdulahad for spotting and reporting it!