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ADR Average daily Range Indicator

  • #81
  • Aug 6, 2020 6:33am Aug 6, 2020 6:33am
Quoting billv
New Version 4.01 for MT5 Added 2 inputs for the selection of colours for ADR% readings <100% (RED) and >100% (LIME) {file}
which one is the updated 4.01 or 4.0
  • #82
  • Aug 7, 2020 4:47am Aug 7, 2020 4:47am
Quoting zebwinner
{quote} which one is the updated 4.01 or 4.0
4.01 is the latest, the only difference are these 2 inputs
Attached Image
Have a nice day
  • #83
  • Aug 7, 2020 4:52am Aug 7, 2020 4:52am
EDIT 7 AUGUST 2020 (MT5 ONLY)
Metatrader 5 users: please download the version attached here.
I fixed an error, the color selection when ADR % is <>100 were missing
Attached File(s)
File Type: mq5 Average Daily Range - V4.01.mq5   18 KB | 1,071 downloads
Have a nice day
  • #84
  • Aug 20, 2020 8:12am Aug 20, 2020 8:12am
Quoting billv
{quote} 4.01 is the latest, the only difference are these 2 inputs {image}
i love your work on this but i was wondering would it be possible if you could add 3xadr to this . it would greatly appreciated
thank you.
  • #85
  • Aug 20, 2020 3:24pm Aug 20, 2020 3:24pm
Quoting orlondo35
{quote} i love your work on this but i was wondering would it be possible if you could add 3xadr to this . it would greatly appreciated thank you.
How would you use it?
Have a nice day
  • #86
  • Aug 20, 2020 4:55pm Aug 20, 2020 4:55pm
Quoting billv
{quote} How would you use it?
I'm not sure how it works but it track the movement of a pair 3x the daily range for reversals so something like this. so it show what the adr x 3 is and a pair moves at least 3xadr or more before turning around. these are some of the setting but i not sure how it is calculated
Attached Image(s) (click to enlarge)
Click to Enlarge Name: adr.PNG Size: 140 KB
Click to Enlarge Name: adr2.PNG Size: 145 KB
  • #87
  • Aug 20, 2020 5:31pm Aug 20, 2020 5:31pm
Quoting orlondo35
{quote} I'm not sure how it works but it track the movement of a pair 3x the daily range for reversals so something like this. so it show what the adr x 3 is and a pair moves at least 3xadr or more before turning around. these are some of the setting but i not sure how it is calculated
where did you find this, do you have the source code?
Have a nice day
  • #88
  • Aug 20, 2020 5:39pm Aug 20, 2020 5:39pm
Quoting billv
{quote} where did you find this, do you have the source code?
unfortunately no. just the ex4. downloaded from telegram group.
  • #89
  • Aug 20, 2020 6:08pm Aug 20, 2020 6:08pm
Quoting orlondo35
{quote} it show what the adr x 3 is and a pair moves at least 3xadr or more before turning around
And have you used it and found this useful?
Can you give me some examples because I have put this indicator on a GBPJPY chart and I cannot see how it can add value.
I guess there are many parameters we can monitor, but if a parameter is not useful then it should not be on our charts.
Have a nice day
  • #90
  • Aug 20, 2020 7:02pm Aug 20, 2020 7:02pm
Quoting billv
{quote} And have you used it and found this useful? Can you give me some examples because I have put this indicator on a GBPJPY chart and I cannot see how it can add value. I guess there are many parameters we can monitor, but if a parameter is not useful then it should not be on our charts.
hope this helps so after 3xadr or higher is met look for opposite trade. every time price comes close to 3xadr the market turns. then after i look for entry i divide 3xadr by 3 and get my TP so in this case 3xadr is 186 pips so after i enter i divide 186/3 = 62 so my Tp is 62 after entering the market tp2= 120 and tp3 =186 depending on where you get in subtract the amount form the turn.
Attached Image (click to enlarge)
Click to Enlarge Name: adr2.PNG Size: 154 KB
  • #91
  • Aug 21, 2020 4:24am Aug 21, 2020 4:24am
Quoting orlondo35
{quote} hope this helps so after 3xadr or higher is met look for opposite trade. every time price comes close to 3xadr the market turns. then after i look for entry i divide 3xadr by 3 and get my TP so in this case 3xadr is 186 pips so after i enter i divide 186/3 = 62 so my Tp is 62 after entering the market tp2= 120 and tp3 =186 depending on where you get in subtract the amount form the turn.
I understood how you use it but I don't get the same 3x ADR figures as you
Which broker is this and can you post your indicator?
I downloaded the indiicator I have from a FF thread (same file name)
Have a nice day
  • #92
  • Aug 21, 2020 7:05am Aug 21, 2020 7:05am
Quoting billv
{quote} I understood how you use it but I don't get the same 3x ADR figures as you Which broker is this and can you post your indicator? I downloaded the indiicator I have from a FF thread (same file name)
this is the files one is original and the other is updated.
Attached File(s)
File Type: ex4 !SM_NewHUD.ex4   98 KB | 1,079 downloads
File Type: ex4 !_DailyData (3).ex4   30 KB | 1,125 downloads
File Type: ex4 ADR&3xADR.ex4   22 KB | 1,461 downloads
  • #93
  • Edited 4:32pm Aug 21, 2020 4:11pm | Edited 4:32pm
Quoting orlondo35
{quote} this is the files one is original and the other is updated. {file} {file} {file}
I'm still getting much different numbers than you
the !Sm and ADR& indicators give me the same reading for 3xADR but it is significantly different to yours.
I get 222 vs 186 (yours)
For this to be hapenning, my guess is that you are using much different number of bars
Have a nice day
  • #94
  • Aug 21, 2020 4:56pm Aug 21, 2020 4:56pm
Quoting orlondo35
{quote} this is the files one is original and the other is updated. {file} {file} {file}
I believe I know what they are doing, they are multiplying the average weekly range by 3 and they call it 3xADR
Ok, here is what we will do, I will add average weekly range (AWR) to my indicator and we will go from there.
Have a nice day
  • #95
  • Edited 5:10pm Aug 21, 2020 4:57pm | Edited 5:10pm
Quoting billv
{quote} I'm still getting much different numbers than you the !Sm and ADR& indicators give me the same reading for 3xADR but it is significantly different to yours. I get 222 vs 186 (yours) For this to be hapenning, my guess is that you are using much different number of bars
i just use the default setting. could be my broker did you check the current day to see if it match cause i got 79 and 79 x 3 is 237 around 222 so i say it about right. plus i was using usdchf and you stated you were using gbpjpy
  • #96
  • Aug 21, 2020 5:30pm Aug 21, 2020 5:30pm
Quoting orlondo35
{quote} i was using usdchf and you stated you were using gbpjpy
No, The pip readings I gave you are from a USDCHF chart.
My comment on the usefulness of the indicator on GBPJPY was in an earlier post.

Quoting orlondo35
{quote} i just use the default setting. could be my broker did you check the current day to see if it match cause i got 79 and 79 x 3 is 237 around 222 so i say it about right.
Ok so the 186 is an old figure, but why would it change so much (to 237) in a couple of days?
I actually tried the indicator with 2 different brokers, and got 222 and 224
Who is your broker?
Have a nice day
  • #97
  • Aug 21, 2020 6:04pm Aug 21, 2020 6:04pm
The 247 was for gbpjpy and 186 is still showing on usdchf. Maybe it cause of the time frame it use to calculate like some use 14 days 21 days 30 days.
  • #98
  • Aug 21, 2020 7:36pm Aug 21, 2020 7:36pm
Quoting orlondo35
The 247 was for gbpjpy and 186 is still showing on usdchf. Maybe it cause of the time frame it use to calculate like some use 14 days 21 days 30 days.
Ok so which broker did you use for the 186 figure?
Have a nice day
  • #99
  • Aug 21, 2020 9:06pm Aug 21, 2020 9:06pm
lqdfx
  • #100
  • Aug 22, 2020 9:34am Aug 22, 2020 9:34am
ok so i look i checked it out and it is showing the 62 adr and 3xadr is 186 on usdchf that is from the previous week adr this is what is being calculated over 5 days WDR and get the average 62
Attached Image (click to enlarge)
Click to Enlarge Name: adr3.PNG Size: 32 KB
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