Is the ADR green = trade , red = no trade accurate for the 15 minute time frame?
I believe (correct me if I am wrong) that what it does is measure the last 5 bars movement compared to the last 25 bars movement
(assuming your settings are 5 and 25)
It will turn green if the last 5 bars are bigger than the last 25
5 bars on a 15 minute time frame would over an hour (75 minutes)
....by that time a lot could have happend.
It was my understanding that the ADR is more accurate on the 5 minute time frame??
I do like trading on the 15 minute time frame, and I do have an ADR indicator but only to tell me what the daily range has been and if there is room for a move.
PGPB