PROTECTED SOURCE SCRIPT
Average Daily Range [Dova Lazarus]
Title: Average Daily Range
Description:
The Average Daily Range (ADR) indicator by Mantique Capital is designed to help traders assess the potential volatility of a trading day. It calculates the average range between daily highs and lows over a user-defined period and plots projected high/low zones based on that range.
Key Features:
📊 Plots ADR-based high and low levels for the current day
🎯 Choose between bullish and bearish bias for level calculation
📈 Optional 30% to 90% intermediate levels with customizable style and color
🏷️ Display percentage labels showing distance in pips
🔁 Adjustable ADR period length and number of days displayed
This indicator is useful for determining how much price movement (volatility) to expect in a given trading day, making it an excellent tool for setting targets, managing risk, and identifying overextension zones.
Inspired by the popular "Best ADR Indicator for MT4"
Description:
The Average Daily Range (ADR) indicator by Mantique Capital is designed to help traders assess the potential volatility of a trading day. It calculates the average range between daily highs and lows over a user-defined period and plots projected high/low zones based on that range.
Key Features:
📊 Plots ADR-based high and low levels for the current day
🎯 Choose between bullish and bearish bias for level calculation
📈 Optional 30% to 90% intermediate levels with customizable style and color
🏷️ Display percentage labels showing distance in pips
🔁 Adjustable ADR period length and number of days displayed
This indicator is useful for determining how much price movement (volatility) to expect in a given trading day, making it an excellent tool for setting targets, managing risk, and identifying overextension zones.
Inspired by the popular "Best ADR Indicator for MT4"
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.