ADR - Average Daily Range With Forecast

I always liked the MT4 ADR indicator that was going around but never found a decent port of it in tradingview. I also noticed that the way most people were doing the ADR calculation using SMA was not always accurate and that bothered me so I decided to write one from scratch which gave a very specific ADR calculation.

On the MT4 version it would project ADR targets on the high and low side. While I liked that I thought it could be improved upon by determining orderflow and anchoring to the perceived low of day to give you a more realistic target.

I also included a percentage of current ADR as well as changed the color to red once ADR was hit.

Configuring is very simple:

Max Timeframe To Display: you can set what timeframes to show adr (I know tradeingview lets you set this now but I still like it here)
Display Average Range As FOREX pips: Some Instruments use whole numbers so you can toggle if you need too
ADR Length Parameter: Sets Number of Days Lookback to Calculate ADR

I hope you enjoy it.

Notas de Lançamento

Added Color and Text Selector
Also Added some logic to accept crypto types

Script protegido

Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.

nsrgroup

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.

nsrgroup