Average daily range indicator?! | Forex Factory

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Average daily range indicator?!

  • #1
  • First Post: Mar 27, 2017 8:17am Mar 27, 2017 8:17am
Hey all

I have been looking with flashlight and hope for a simple goddamn indicator that screens the daily moving average pip move but im unable to find it. Im so frustrated because its the easiest (should be) indicator code there is...
If anyone are holding onto one, could you please share it and i will give you 100 wellwishes!
  • #2
  • Mar 27, 2017 10:34am Mar 27, 2017 10:34am
Quoting Liquidsnake
Hey all I have been looking with flashlight and hope for a simple goddamn indicator that screens the daily moving average pip move but im unable to find it. Im so frustrated because its the easiest (should be) indicator code there is... If anyone are holding onto one, could you please share it and i will give you 100 wellwishes!
you can modify this to suit your display preferences. i don't know where i got it from but i changed it to just show the adr on the left and the current days range on the right, simple

btw i set it to use an adr of 25, because in the few days before nfp, the last nfp would not be included in the calculation anymore if it was set at 20 days, so this way those few days before nfp it will stay consistent. if anybody can see anything wrong with this assumption i would be interested to know(yes, i have seen that benny hill sketch btw ;p)
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File Type: mq4 ADR_Daily Range.mq4   2 KB | 2,331 downloads
  • #3
  • Mar 27, 2017 10:55am Mar 27, 2017 10:55am
haha, your a superstar, thats exactly what i was looking for, neat and simple, thanks alot
  • #4
  • Mar 31, 2017 1:52am Mar 31, 2017 1:52am
Quoting grrbear
{quote} you can modify this to suit your display preferences. i don't know where i got it from but i changed it to just show the adr on the left and the current days range on the right, simple btw i set it to use an adr of 25, because in the few days before nfp, the last nfp would not be included in the calculation anymore if it was set at 20 days, so this way those few days before nfp it will stay consistent. if anybody can see anything wrong with this assumption i would be interested to know(yes, i have seen that benny hill sketch btw ;p) {file}...
You, Sir, are awesome!

I've been scouring the internet for a similar indicator for the past several hours. In the process I've found dozens of indicators with all sorts of extra features, but none of them had the simple function of calculating the ADR for the period that I want, not the standard 5, 10 & 20.

Thank you very much!
  • #5
  • Last Post: Jul 17, 2019 6:15pm Jul 17, 2019 6:15pm
Hey Kef2138, how did you go using this to calculate the ADR? I'd like to discuss ... Ric
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