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Attachments: Looking for Average "Weekly" Range Indicator
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Looking for Average "Weekly" Range Indicator

  • Post #1
  • Quote
  • First Post: Apr 30, 2018 9:07pm Apr 30, 2018 9:07pm
I'm looking for an indicator that shows pairs Average "Weekly" Range. There are tons of indicators that show ADR and ATR but are there any that show Average "Weekly" Range? Help please, TY!

EDIT: A website with this info would also be ok.
Here you go ... (Alerts only added for weekly)
Attached File(s)
File Type: ex4 DWMRanges_wAlerts.ex4   22 KB | 2,106 downloads
@fauzaanu on Telegram
Quoting Fauzaan
Here you go ... (Alerts only added for weekly) {file}
TY Fauzaan. That should work just fine. If anyone else also has one I would love to check it out....also a site that has a list of ALL the Pairs "Average Weekly Ranges" would be nice to have as well. Thanks again Fauzaan!
Really need to define which you are looking for first, then move on from there:

What is the "Average True Range - ATR"

The average true range (ATR) is a measure of volatility introduced by Welles Wilder in his book, "New Concepts in Technical Trading Systems." The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. The average true range is a moving average, generally 14 days, of the true ranges.

What is the "Average Daily Range - ADR"

The average daily range is the average of the daily range over a given number of days.

Of course, you can substitute Weekly for Daily in both of those definitions, but seems that you have found the answer!

Good luck all
If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
Thanks Fauzaan for the indicator, its better than what i'v been using. Pls can explain what roomUP and roomDOWN replacement??
Quoting patientBull
Thanks Fauzaan for the indicator, its better than what i'v been using. Pls can explain what roomUP and roomDOWN replacement??

I know its been a long time but i didnt see this before.. anyway i didnt create the main indicator but my assumption is that room down and room up is for the amount of pips left for the range to be filled
@fauzaanu on Telegram
I don't know what that indicator looks like since no one bother to post a chart

The problem with the original request, no specification for what kind of display required.

Do you want lines on the chart to project where the average weekly range might reach?

Or do you want statistical data of previous weekly in numerical form?

As per (1) and (2) on this chart.......

Attached Image (click to enlarge)
Click to Enlarge Name: 2019-05-18_9-25-22.jpg Size: 184 KB
If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
Quoting Erebus
I don't know what that indicator looks like since no one bother to post a chart The problem with the original request, no specification for what kind of display required. Do you want lines on the chart to project where the average weekly range might reach? Or do you want statistical data of previous weekly in numerical form? As per (1) and (2) on this chart....... {image}

Hi Erebus buddy

I like this Average weekly range and I like the way it is on your chart? please where Can I get it? its what i have been looking for
Hi.

Is there a type of weekly average range indicator that displays a line?
Like this.

Thank you.
Attached File(s)
File Type: ex4 Daily Open line v MTF ADR levels v1 nmc.ex4   65 KB | 779 downloads
  • Post #10
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  • Last Post: Aug 21, 2020 5:03am Aug 21, 2020 5:03am
Quoting dollarman
{quote} Hi Erebus buddy I like this Average weekly range and I like the way it is on your chart? please where Can I get it? its what i have been looking for
Don't have that anymore, using this, but it's paid for so cannot mention it here, PM for secret details

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-08-21_18-56-36.jpg Size: 632 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-08-21_19-00-29.jpg Size: 235 KB
If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
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