How do ADR target indicators calculate it? | Forex Factory

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How do ADR target indicators calculate it?

  • #1
  • First Post: Oct 9, 2020 6:45am Oct 9, 2020 6:45am
hi everyone,

i have a question regarding ADR indicators that show a high and a low for the day based on ADR average of a given period.

my question is what is the reference point for ir to draw the high/low? it dosnt seem to be open of the day because high and low are not same distance from open.

cheers
  • #2
  • Oct 9, 2020 10:03pm Oct 9, 2020 10:03pm
Quoting Paymanz
hi everyone, i have a question regarding ADR indicators that show a high and a low for the day based on ADR average of a given period. my question is what is the reference point for ir to draw the high/low? it dosnt seem to be open of the day because high and low are not same distance from open. cheers
Have you seen this forum?

https://www.forexfactory.com/forum/56-rookie-talk

That's where to ask noob questions.

Anyway, the answer is in your question = High and Low

Try those...
It takes a lot for me to IGNORE you, but you can try.
  • #3
  • Edited 6:15am Oct 10, 2020 2:56am | Edited 6:15am
Quoting Erebus
{quote} Have you seen this forum? https://www.forexfactory.com/forum/56-rookie-talk That's where to ask noob questions. Anyway, the answer is in your question = High and Low Try those...
yes thank you i had to post this on that forum. honestly my intention was to post on rookie talk but sometimes i have multi tabs of FF , lol i must had clicked wrongly somewhere.

so it must be redrawing it through day . thank you for answer.
  • #4
  • Oct 11, 2020 4:49am Oct 11, 2020 4:49am
Quoting Paymanz
{quote} yes thank you i had to post this on that forum. honestly my intention was to post on rookie talk but sometimes i have multi tabs of FF , lol i must had clicked wrongly somewhere. so it must be redrawing it through day . thank you for answer.
Sorry for the blunt reply earlier, I do have anger issues that I'm working through...

Also, different ADR indicators plot the line differently, some are dynamic, some are fixed, so unless you show a chart or tell us which indicator you are observing, you may not get the answer to suit your situation.

Anyway, here is an example of an indicator plotting dynamic lines. What does that mean? It means when the price is making a higher high during the day, the line plotted for the low will be moving upwards. The line plotted for the projected ADR high of the day will not move as it is calculated from the current low of the day.

Similarly, when the price is making a lower low during the day, the line plotted for the high will be moving downwards. The line plotted for the projected ADR low of the day will not move as it is calculated from the current high of the day.

Here is a chart example, price did not meet the range of ADR, so neither line has been touched; usually these indicators will fix both the high and low lines when the range is made and surpassed. ADR(20) is 163, the low line is plotted 163 pips from the high of the day, the high line is plotted 163 from the low of the day (arrows).

I will attach an indicator that does exactly that; use it, observe it in action for a few days and you will get the idea.

Good luck, good trading...

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-10-11_19-42-25.jpg Size: 260 KB
Attached File(s)
File Type: ex4 !SM_ADR_Marker.ex4   12 KB | 804 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #5
  • Oct 11, 2020 5:14am Oct 11, 2020 5:14am
Here is an example of where the projected range for ADR(20) was met and how traders can use that as Profit Target

EURUSD, ADR(20) is 73 pips, at the exact open of the day, the projected High and Low of the day lines are plotted 73 pips in either direction.

Here we can see that the true eventually LOD = Low of Day was determined on the very first candle or bar, therefore the projected HOD = High of Day, using the projected line plotted by this indicator, is 73 pips higher at 1.18281, which remained static as price was always moving higher.

At that minor high at 1.17808, the line plotted for the projected LOD would be at 73 pips lower as shown by the Magenta line drawn manually.

As price advanced higher during the day, the LOD line moved higher until it meets the actual price and LOD on the first candle 1.17553 and becomes FIXED at that level.

The HOD line also becomes FIXED to give the trader a great visual that the ADR(20) has been obtained.

Hope that helps!

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-10-11_19-57-48.jpg Size: 241 KB


Remember, this works great on an AVERAGE day, I've seen EURUSD have 300 pip days, but that's how you get an average, some outlier days both above and below the average range
It takes a lot for me to IGNORE you, but you can try.
  • #6
  • Oct 11, 2020 5:38am Oct 11, 2020 5:38am
Something interesting I noticed with EURUSD, the AWR is 198 pips

Next week, the projected weekly high will be beyond the Monthly range, assuming it opens roughly where it closed.

The weekly lines will re-plot when price becomes active on Monday open, Australia 7 am Monday, Sunday 5 pm in New York.

This target is about 1.20, could it happen within 1 week only?

Yes, it could, election news, weaker USD, Brexit news, and so on

Of course, there are still 3 weeks left in the month, so it may take longer, let's see what happens

Trade safe guys, always use stops...

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-10-11_20-28-59.jpg Size: 242 KB
It takes a lot for me to IGNORE you, but you can try.
  • #7
  • Oct 11, 2020 5:52am Oct 11, 2020 5:52am
Quoting Erebus
{quote} Sorry for the blunt reply earlier, I do have anger issues that I'm working through... Also, different ADR indicators plot the line differently, some are dynamic, some are fixed, so unless you show a chart or tell us which indicator you are observing, you may not get the answer to suit your situation. Anyway, here is an example of an indicator plotting dynamic lines. What does that mean? It means when the price is making a higher high during the day, the line plotted for the low will be moving upwards. The line plotted for the projected ADR...
never mind Erebus , you correctly informed me.

thank you very much for detailed explanation sir i will test different ADR indies to learn more.

have a nice day!
  • #8
  • Nov 7, 2020 7:14am Nov 7, 2020 7:14am
Quoting Erebus
{quote} Sorry for the blunt reply earlier, I do have anger issues that I'm working through... Also, different ADR indicators plot the line differently, some are dynamic, some are fixed, so unless you show a chart or tell us which indicator you are observing, you may not get the answer to suit your situation. Anyway, here is an example of an indicator plotting dynamic lines. What does that mean? It means when the price is making a higher high during the day, the line plotted for the low will be moving upwards. The line plotted for the projected ADR...
You have excellent knowledge about ADR indicators. May I request you to send me the link for any simple indicator that compares ADR values of a defined period (say 10 days) and shows high ADR and low ADR range plotted for a period of say 60 days in a trend like fashion in a sub-window?
Thank you.
Practice makes a person perfect
  • #9
  • Nov 7, 2020 7:52am Nov 7, 2020 7:52am
Quoting simnz
{quote} You have excellent knowledge about ADR indicators. May I request you to send me the link for any simple indicator that compares ADR values of a defined period (say 10 days) and shows high ADR and low ADR range plotted for a period of say 60 days in a trend like fashion in a sub-window? Thank you.
PM send

have a nice day

It takes a lot for me to IGNORE you, but you can try.
  • #10
  • Nov 7, 2020 10:41pm Nov 7, 2020 10:41pm
Quoting Erebus
{quote} PM send have a nice day
Thank you for the PM.

I have found the sub-window indicator I was looking for .

Incidentally, I found another indicator for the Chart too.

Both are attached here.
Attached File(s)
File Type: mq4 EKS_ADR.mq4   3 KB | 642 downloads
File Type: mq4 AdrHighLow3.mq4   8 KB | 625 downloads
Practice makes a person perfect
  • #11
  • Feb 21, 2021 2:04am Feb 21, 2021 2:04am
Hi Erebus, any chance you could share where I can find the indicator shown in the attached pic? It's from pics of your charts you've previously posted.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-02-14_18-14-05 (2).jpg Size: 51 KB
  • #12
  • Feb 23, 2021 10:11am Feb 23, 2021 10:11am
Quoting casious
Hi Erebus, any chance you could share where I can find the indicator shown in the attached pic? It's from pics of your charts you've previously posted. {image}
It's a paid-for indicator so I can't give a direct link for fear of being labelled a nasty "Commercial" member

All I can say, it is fully endorsed by Metatrader and can be found at https://www.mql5.com/

And your Private Message not working yet either
It takes a lot for me to IGNORE you, but you can try.
  • #13
  • Feb 23, 2021 2:51pm Feb 23, 2021 2:51pm
Hi Erebus

I Like the ADR indicator and always check to see how far a currency has travelled during the day.

My question is, is there an indicator that plots the ADR of the last N number of Days of the week ie ADR of last no Mondays/Tuesday/Wednesday/Thursday/Friday.

Volatility changes for each day I wonder if there is an Indicator out there that does this ?

Cheers,

Eamonn.
  • #14
  • Feb 25, 2021 1:28pm Feb 25, 2021 1:28pm
Quoting Erebus
{quote} It's a paid-for indicator so I can't give a direct link for fear of being labelled a nasty "Commercial" member All I can say, it is fully endorsed by Metatrader and can be found at https://www.mql5.com/ And your Private Message not working yet either
Understood. I'm new to this and still learning the lay of the land. I actually found it and bought it. Really good indicator from my perspective. Thank you for the response!
  • #15
  • Last Post: Sep 17, 2024 2:25pm Sep 17, 2024 2:25pm
Quoting Eamonn
Hi Erebus I Like the ADR indicator and always check to see how far a currency has travelled during the day. My question is, is there an indicator that plots the ADR of the last N number of Days of the week ie ADR of last no Mondays/Tuesday/Wednesday/Thursday/Friday. Volatility changes for each day I wonder if there is an Indicator out there that does this ? Cheers, Eamonn.
Hi, I suppose you have probably found one already though here is an ADR indicator that plots historical ADR levels up to 100 days, just in case.
Attached File(s)
File Type: ex4 OGT ADR Indicator v1.2.ex4   52 KB | 261 downloads
. I found it here
https://www.forexfactory.com/thread/...-adr-indicator
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