DislikedNew Version 4.01 for MT5 Added 2 inputs for the selection of colours for ADR% readings <100% (RED) and >100% (LIME) {file}Ignored
Average Daily Range (ADR) - code check 9 replies
New Average Daily Range (ADR) Indicator 78 replies
Average Daily Range Table (ADR) 63 replies
Disliked{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.Ignored
Disliked{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 calculatedIgnored
Disliked{quote} it show what the adr x 3 is and a pair moves at least 3xadr or more before turning aroundIgnored
Disliked{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.Ignored
Disliked{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.Ignored
Disliked{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)Ignored
Disliked{quote} this is the files one is original and the other is updated. {file} {file} {file}Ignored
Disliked{quote} this is the files one is original and the other is updated. {file} {file} {file}Ignored
Disliked{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 barsIgnored
Disliked{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.Ignored
DislikedThe 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.Ignored