OPEN-SOURCE SCRIPT
Average Daily Range% for Daytrading

This indicator shows how many Average Daily Ranges was covered in today's move.
Average Daily Range is always calculated based on the last 5 previous days (before current day).
Tables show:
► How many % of days exceed their ADR.
► How many days in a row did the range remain lower than 5 Day ADR
► How much is already covered by today's move.
It is designed for Daily chart, don't try to use it elsewhere.
Average Daily Range is always calculated based on the last 5 previous days (before current day).
Tables show:
► How many % of days exceed their ADR.
► How many days in a row did the range remain lower than 5 Day ADR
► How much is already covered by today's move.
It is designed for Daily chart, don't try to use it elsewhere.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.