I need a custom ADR indicator | Forex Factory

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I need a custom ADR indicator

  • #1
  • First Post: Edited Oct 30, 2017 12:01am Aug 24, 2017 9:10am | Edited Oct 30, 2017 12:01am
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  • #2
  • Aug 24, 2017 1:42pm Aug 24, 2017 1:42pm
Quoting jakubdonovan
Hello, does anyone have an ADR indicator like the one in my picture? I am looking for one like that but i need it to not have the "adr start" label and i need it to be almost invisible in default mode. It would get redder and redder the closer we are to reaching adr high. If you think that you can code one, let me know how much. {image}
Here you go. Just set the ATR period to D1. For testing you can set it to M1.
Attached File(s)
File Type: mq4 ATR_Heat_Label.mq4   3 KB | 322 downloads
  • #3
  • Aug 24, 2017 2:05pm Aug 24, 2017 2:05pm
Quoting Nicholishen
{quote} Here you go. Just set the ATR period to D1. For testing you can set it to M1. {file}
Hello, this isn't quite what i was looking for. The ADR value is always displayed and it isn't a line that just gets redder and stays in a single spot like on the picture. Do you have anything else brotha?
  • #4
  • Aug 24, 2017 2:22pm Aug 24, 2017 2:22pm
Quoting jakubdonovan
{quote} Hello, this isn't quite what i was looking for. The ADR value is always displayed and it isn't a line that just gets redder and stays in a single spot like on the picture. Do you have anything else brotha?
This is an example you can build your own indicator on. I'm not quite sure what you mean by a line that doesn't move... it sounds like you want a statically projected line based on ATR. I'm not sure what the value would be since the daily range can be at any price on the chart from high to low, and it doesn't matter where the day starts. In this regard you would have to project two lines, one for a potential 1ATR from the current low and one from the high.

Anyway, goodluck!
  • #5
  • Aug 24, 2017 2:30pm Aug 24, 2017 2:30pm
Quoting Nicholishen
{quote} This is an example you can build your own indicator on. I'm not quite sure what you mean by a line that doesn't move... it sounds like you want a statically projected line based on ATR. I'm not sure what the value would be since the daily range can be at any price on the chart from high to low, and it doesn't matter where the day starts. In this regard you would have to project two lines, one for a potential 1ATR from the current low and one from the high. Anyway, goodluck!
I need ADR, not ATR. I have highlighted the line in my picture. As we approach that line, we get closer to fulfilling the daily range and the line gets redder and redder.
  • #6
  • Last Post: Aug 24, 2017 2:39pm Aug 24, 2017 2:39pm
Quoting jakubdonovan
{quote} I need ADR, not ATR. I have highlighted the line in my picture. As we approach that line, we get closer to fulfilling the daily range and the line gets redder and redder.
ATR is ADR when you set it to D1.

Regards,
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