DislikedPlease add alerts including prush once price is near and reaches the percentageIgnored
Have a nice day
Average Daily Range (ADR) - code check 9 replies
New Average Daily Range (ADR) Indicator 78 replies
Average Daily Range Table (ADR) 63 replies
DislikedPlease add alerts including prush once price is near and reaches the percentageIgnored
Disliked{quote} I've always started ADR calculations at 1700 NY/ 2100 GMT (in summer). Do you think there is an optimum start time...how about starting at the London session, 1000 GMT? Did you manage to optimise the ADR period? I use 30, but it seems to vary from trader to trader.Ignored
Disliked{quote} I don't thing we need to do much fine tuning, or to worry about the number of M days being 20, or 30 because the pip difference will be small, plus there are no guarantees that price will follow the ADR. Personally I prefer to look at an average of a much longer period than 30 days. On my multipair charts I monitor the following: ADR% Y 6M (set to 200 days or approx 9 trading months) H + LIgnored
DislikedBy multipair do you mean this indicator can show ADR of different pairs on one chart?.Ignored
Disliked{quote} what's your view on when to begin the new day for ADR; NY, GMT, other? I suspect the majority are using NY openIgnored
Dislikedthere is an indi over here that allows the user to calculate probabilities regarding ADR....a useful tool!Ignored
Disliked{quote} Thank you, I watched the video, The many percentages look interesting but they are not going to be useful to me. We have to be careful not to over analyse things or it will affect our decision making ("Analysis Paralysis" Syndrome) However, drawing an upper and lower line could be useful. I will add it in the next release.Ignored
Disliked{quote} Not on one chart I look at 20 charts simultaneously (tile view) on 1 MT4 {quote} Ok I can make the ADR % change colour when it reaches 100 I will do it when I add the alert.Ignored
Disliked{quote} 20 charts wow......isn't that a tediius why not make the indicator multipair instead.Ignored
Dislikedhello, nice indicator but its difficult for me to see... can you add option for background color so that strip will bi more visible, Thanks,Ignored