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New Average Daily Range (ADR) Indicator

  • #21
  • May 31, 2020 9:23am May 31, 2020 9:23am
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
  • #22
  • May 31, 2020 11:34am May 31, 2020 11:34am
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
  • #23
  • May 31, 2020 6:08pm May 31, 2020 6:08pm
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.
  • #24
  • Jun 1, 2020 12:53pm Jun 1, 2020 12:53pm
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
  • #25
  • Jun 1, 2020 12:54pm Jun 1, 2020 12:54pm
Quoting Egbert
{quote} thank you!!
No worries Egbert
Never stop investing. Never stop improving. Never stop doing something new
  • #26
  • Jun 1, 2020 12:55pm Jun 1, 2020 12:55pm
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
  • #27
  • Jun 1, 2020 12:56pm Jun 1, 2020 12:56pm
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
  • #28
  • Jun 1, 2020 12:57pm Jun 1, 2020 12:57pm
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
  • #29
  • Jun 2, 2020 1:08am Jun 2, 2020 1:08am
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!
  • #30
  • Jun 19, 2020 12:07am Jun 19, 2020 12:07am
Morning zoheb01,

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

Thanks
We obey the structure that results from the market's reaction
  • #31
  • Edited 2:06pm Jun 23, 2020 1:19pm | Edited 2:06pm
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
  • #32
  • Jun 23, 2020 1:31pm Jun 23, 2020 1:31pm
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
  • #33
  • Jun 25, 2020 5:30am Jun 25, 2020 5:30am
Average Sessions ranges indicator, if anyone is interested:

Attached File(s)
File Type: mq4 Average Session Range.mq4   11 KB | 1,442 downloads
  • #34
  • Jun 25, 2020 6:11am Jun 25, 2020 6:11am
Quoting Gauer
Average Sessions ranges indicator, if anyone is interested: {file}
"Trade Session Range" also needed for that to work...
  • #35
  • Jun 25, 2020 6:22am Jun 25, 2020 6:22am
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 | 1,363 downloads
  • #36
  • Jun 28, 2020 11:33am Jun 28, 2020 11:33am
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.
  • #37
  • Jun 28, 2020 3:15pm Jun 28, 2020 3:15pm
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
  • #38
  • Jun 29, 2020 2:44pm Jun 29, 2020 2:44pm
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
  • #39
  • Jul 25, 2020 6:30am Jul 25, 2020 6:30am
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.
  • #40
  • Jul 27, 2020 4:57pm Jul 27, 2020 4:57pm
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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