Hey Guys,
I'm here with another brand new indicator the - OGT ADR v1.0 Indicator.
There are a number of ADR indicators floating around on this forum, and I've taken the best bits from each one to create my own. It has the usual features:
Using the above screenshot data, lets say the ADR was 100 pips. It tells you everyday for the past 100 days (100%) that price has moved at least 10 pips. Another example - 46 days of the last 100 (46%) price has exceeded the current ADR of 100 pips. You can see how this insight is invaluable to traders especially day traders and scalpers.
As always, I've created a tutorial video below, which goes into the detail and how to apply the indicator to your trading.
OGT ADR Indicator v1.0 Tutorial and Download
OGT ADR Indicator v1.1 Tutorial and Download
OGT ADR Indicator v1.2 Tutorial and Download
Appreciate the feedback and any improvements I can make in the future.
Thanks,
zoheb01
I'm here with another brand new indicator the - OGT ADR v1.0 Indicator.
There are a number of ADR indicators floating around on this forum, and I've taken the best bits from each one to create my own. It has the usual features:
- Session time to align with your broker
- Customise ATR look back period
- Display ADR upper and lower bands
However, I've added a brand new feature which I believe sets this ADR indicator above the rest.
It will tell you how far price has moved everyday (for the past x days) against the current ADR (default set to 100 days)
Attached Image
Using the above screenshot data, lets say the ADR was 100 pips. It tells you everyday for the past 100 days (100%) that price has moved at least 10 pips. Another example - 46 days of the last 100 (46%) price has exceeded the current ADR of 100 pips. You can see how this insight is invaluable to traders especially day traders and scalpers.
As always, I've created a tutorial video below, which goes into the detail and how to apply the indicator to your trading.
OGT ADR Indicator v1.0 Tutorial and Download
Inserted Video
Attached File(s)
OGT ADR Indicator v1.0.ex4
26 KB
|
2,199 downloads
OGT ADR Indicator v1.1 Tutorial and Download
Inserted Video
Attached File(s)
OGT ADR Indicator v1.1.ex4
41 KB
|
1,570 downloads
|
Uploaded May 31, 2020 9:38am
OGT ADR Indicator v1.2 Tutorial and Download
Inserted Video
Attached File(s)
OGT ADR Indicator v1.2.ex4
52 KB
|
3,110 downloads
|
Uploaded Aug 30, 2020 5:43am
Appreciate the feedback and any improvements I can make in the future.
Thanks,
zoheb01
Never stop investing. Never stop improving. Never stop doing something new