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ADR Average daily Range Indicator 189 replies

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Attachments: New Average Daily Range (ADR) Indicator
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New Average Daily Range (ADR) Indicator

Nice indicator and a solid concept.

My suggestion is with the price movement range percentages.
Are you able to have the option available so that we can select to see the ranges in pips rather than 0-10%, 11-20% etc

Eg if the ADR is 83 I would like to see 0 - 8.3pips instead of 0-10%

It just makes it easier so that I dont have to do a further manual calculation to convert it to pips.

Secondly, the ranges should read 0-10% , 11-20% , 21-30% etc

Thanks
Quoting zoheb01
Hey team as promised, I’m excited to share with you my OGT ADR Indicator v1.1. I would like to thank you all for your comments and feedback as it has scoped the latest version. Version 1.1 includes 7 new features which allow for more customisation and information on the chart. The video below outlines all the new features and input settings. https://youtu.be/Qqr8UnPA33k As always, appreciate the feedback/comments {file} Zoheb

Nicely done...

I implemented an ADR on my system but plotted based on mid-Point or 50 level calculated as Pivot (e.g. typical, session open, current high,/low, prev. high/low, VWAP, PVP or POC...etc) ─ from the midpoint, half of ADR below (add low) /above (add high) and not based on current high or low in full ADR value.

Yours is interesting, I might add this as an option.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
can you make the same indcator showing ATR for weekly and daily please? thanks with same features,very very interesting indicator indeed.huge contribution zoheb.
Quoting His4XDUdenes
Great job Zoheb (y) This is prooving to be very handy indicator to me. But as you asking for feedback, one thing would make some testing for me even better. If there would be possibility to see previous days ADR lines back in history. Then visually we could see which period price respecting better. thank you for your work, this indicator is allready amazing. GL.
Thanks GL, that makes total sense. I've noted it down
Never stop investing. Never stop improving. Never stop doing something new
Quoting Egbert
{quote} thank you!!
No worries Egbert
Never stop investing. Never stop improving. Never stop doing something new
Quoting shrips
Nice indicator and a solid concept. My suggestion is with the price movement range percentages. Are you able to have the option available so that we can select to see the ranges in pips rather than 0-10%, 11-20% etc Eg if the ADR is 83 I would like to see 0 - 8.3pips instead of 0-10% It just makes it easier so that I dont have to do a further manual calculation to convert it to pips. Secondly, the ranges should read 0-10% , 11-20% , 21-30% etc Thanks
Got it. Understand what your saying. Thanks for the feedback
Never stop investing. Never stop improving. Never stop doing something new
Quoting v2vboni
{quote} Nicely done... I implemented an ADR on my system but plotted based on mid-Point or 50 level calculated as Pivot (e.g. typical, session open, current high,/low, prev. high/low, VWAP, PVP or POC...etc) ─ from the midpoint, half of ADR below (add low) /above (add high) and not based on current high or low in full ADR value. Yours is interesting, I might add this as an option.
Thanks for sharing, really interesting what you are using. Let me know how you get on, as I also think combining both indicators could be powerful.
Never stop investing. Never stop improving. Never stop doing something new
Quoting T4Trade
can you make the same indcator showing ATR for weekly and daily please? thanks with same features,very very interesting indicator indeed.huge contribution zoheb.
Can you explain a little more by what you mean? The ADR is calculated from the ATR, so just need some more information.
Never stop investing. Never stop improving. Never stop doing something new
Quoting zoheb01
{quote} Can you explain a little more by what you mean? The ADR is calculated from the ATR, so just need some more information.
you are very kind Zoheb,i resolved my issues,thanks ,dont worry!
Morning zoheb01,

Will it be possible to make a ADR dashboard the way your ADR works?

Thanks
Nothing is impossible - IHS
  • Post #31
  • Quote
  • Edited 3:06pm Jun 23, 2020 2:19pm | Edited 3:06pm
Hi, thanks for the indi.

Can you code a version that would display the sessions average ranges?

Indicator could be a label to drag and drop anywhere on the chart and would display only this text:

ASR (obviously stands for "average sessions range")
NY: 80
LN: 60
HK: 30


In indicator options we could turn on and off what sessions to display, adjust the time periods of each sessions and choose how many days to calculate.

OR

You could add this feature to your existing ADR indi so we have all in one. We could switch in indicator settings if the projected lines are based on ADR or in any of the sessions ranges.

Another useful option in settings would be to change from daily calculation to weekly or monthly too.


Best regards
Complementing my last post, it would show the session ranges like this:

Attached Image (click to enlarge)
Click to Enlarge Name: ADR 1.2.png Size: 541 KB
Average Sessions ranges indicator, if anyone is interested:

Attached File(s)
File Type: mq4 Average Session Range.mq4   11 KB | 769 downloads
Quoting Gauer
Average Sessions ranges indicator, if anyone is interested: {file}
"Trade Session Range" also needed for that to work...
Quoting Jagg
{quote} "Trade Session Range" also needed for that to work...

Sorry:

Attached File(s)
File Type: mq4 Trade Session Range.mq4   7 KB | 691 downloads
Can you make the mq4 available? It should be really easy to change in the code to use weekly bars instead of daily (so we can have an "average weekly range"), and another version to use monthly bars (so we can have an "average monthly range").

So three versions: ADR, AWR and AMR.
Quoting Gauer
Average Sessions ranges indicator, if anyone is interested: {file}
please share the settings as well,i know it depends on broker but for a rough idea,thnks
Quoting Gauer
Can you make the mq4 available? It should be really easy to change in the code to use weekly bars instead of daily (so we can have an "average weekly range"), and another version to use monthly bars (so we can have an "average monthly range"). So three versions: ADR, AWR and AMR.
Thanks for this. I will speak to my coding team and try to priortise.
Never stop investing. Never stop improving. Never stop doing something new
Quoting zoheb01
{quote} Thanks for this. I will speak to my coding team and try to priortise.

Hi there buddy, just wondering if you are really doing this. Best regards.
Quoting Gauer
{quote} Hi there buddy, just wondering if you are really doing this. Best regards.
Yes I am. My roadmap is quite long at the moment with new indicators in the pipeline.
Never stop investing. Never stop improving. Never stop doing something new
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