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ADR Average daily Range Indicator

Quoting billv
{quote} Yes MT4 Look higher up on this page https://www.forexfactory.com/thread/...8#post13125648

Hi there billy, have you checked why your indicator is giving a different value for the same period of time compared with the ATR indicator? Like I showed in this post:

https://www.forexfactory.com/thread/...0#post13149880


And also have you checked why the "L" value is so far to the right (almost off the chart), compared to the "H" value?

Attached Image (click to enlarge)
Click to Enlarge Name: adr.png Size: 72 KB


PS: I am talking about MT5 version
Quoting billv
{quote} Yes MT4 Look higher up on this page https://www.forexfactory.com/thread/...8#post13125648
thankyou
Quoting Gauer
{quote} Hi there billy, have you checked why your indicator is giving a different value for the same period of time compared with the ATR indicator? Like I showed in this post: https://www.forexfactory.com/thread/...0#post13149880 And also have you checked why the "L" value is so far to the right (almost off the chart), compared to the "H" value? PS: I am talking about MT5 version
I'm sorry, I did not see your previous post.
I will check, can you post the ATR indicator you are referring to so that I can see the code?
Ok I will fix the spacing on the L value of MT5 indices, I had not noticed it.
Meanwhile you can move the whole text to the left by increasing the number in input HorizPos.
Have a nice day
Quoting billv
{quote} I'm sorry, I did not see your previous post. I will check, can you post the ATR indicator you are referring to so that I can see the code? Ok I will fix the spacing on the L value of MT5 indices, I had not noticed it. Meanwhile you can move the whole text to the left by increasing the number in input HorizPos.

Hi there buddy, thanks for looking into it.

The ATR indicator I used was MT5 own native ATR indicator, the one that comes with the platform.

But I found this one at MQL5 community and compared both, and gives exactly the same value, so it is the same formula.
Attached File(s)
File Type: mq5 atr.mq5   4 KB | 237 downloads


PS: another thing that I noticed is that the indicator draw the ADR high and low lines on top of the chart. It would be better if you hard coded to draw the lines in the background, so they don´t get on top of the price bars.
Quoting Gauer
{quote} Hi there buddy, thanks for looking into it. The ATR indicator I used was MT5 own native ATR indicator, the one that comes with the platform.
Ok your ATR indicator processes daily data slightly differently.
My ADR works as intended, but I'm puzzled why people are concerned about a few pips on any tool which processes daily data and gives a daily average.

Quoting Gauer
{quote} PS: another thing that I noticed is that the indicator draw the ADR high and low lines on top of the chart. It would be better if you hard coded to draw the lines in the background, so they don´t get on top of the price bars.
If we did this then the text will also be hidden by any bars which happen to run over it.
Try the following:
Right click on the chart, select PROPERTIES, click on COMMON and tick the box CHART ON FOREGROUND
See if you like it this way.
Have a nice day
Quoting billv
{quote} Ok your ATR indicator processes daily data slightly differently. My ADR works as intended, but I'm puzzled why people are concerned about a few pips on any tool which processes daily data and gives a daily average. {quote} If we did this then the text will also be hidden by any bars which happen to run over it. Try the following: Right click on the chart, select PROPERTIES, click on COMMON and tick the box CHART ON FOREGROUND See if you like it this way.

Hi buddy! Well in the example I shown you it is not a few pips, but 5 points in the S&P500, that is a lot!

Regarding the lines being drawn on top or below bars don´t worry, since you are posting the mq5 file, I googled here and I can see I just need to add ChartSetInteger(0,CHART_FOREGROUND,true); under the int OnInit(), that should be easy enough using the metaeditor. But beyond that I hope you "fix" the formula so it uses the same ATR formula that metatrader does, which I believe is the "classic" formula that is used in all trading platforms.

But I don´t know what you meant by your last post, does it mean you won´t touch the indicator at all?
Quoting billv
Hi, I have been using an ADR indicator for a few years now because I need to know how many pips a currency pair has moved in relation to yesterday, and long term, monthly or 6 monthly. and also how far price has moved from the low or high of the day. The indicator prints the current pip distance from the daily top (H) and to the daily bottom (L) in pips. This could be useful if you have seen the pair do a move and retrace and you can't tell how far away it has moved. Also, by adding the low and high in our head we can quickly see how many pips the...

can some one convert this indicator to Calgo please ?
Quoting iyan.srvc
{quote} can some one convert this indicator to Calgo please ?
Sorry I cannot do it, I don't even know if C trader supports such tools because I don't use it
but most brokers who provide C trader also provide MT4 so I suggest you use MT4
Have a nice day
If anyone is interested, the folks at fxcodebase "fixed" the indicator.

Now:

- It uses the classic ATR formula natively available in MT4 and MT5 and all other charting platforms;

- The "L" value is now in the correct place;

- The ADR lines are not on top of the price bars anymore.


Attached File(s)
File Type: mq5 Average Daily Range.mq5   20 KB | 320 downloads
A new version of the indicator where you can choose the timeframe:

Default mode uses daily bars for ADR calculation

Then you can choose weekly bars for AWR calculation (good to use in hourly and 4 hours charts)

Then you can choose monthly bars for AMR calculation (good to use in daily charts)


Attached File(s)
File Type: mq5 Average Daily Range.mq5   20 KB | 476 downloads
Quoting billv
It has been a while since I posted an update. This version is now showing us today's range as a percentage (compared to the 6 monthly ADR) This helps us see how close we are to the expected daily number of pips, so if the day has already reached 100%, then the probability of price pausing and perhaps retracing is better than if the day had only done 18% I have also made the font size +colour + readings, user selectable so the readings are easier to see on our charts. %= Percentage of the expected daily range of the currency pair Y= Yesterda's Range...
Thanks for given this to the ff community

Please, can you make this great indicator ‘a multi scanner indicator where one can see infos on 28 pairs at a glance’ and if possible make the yesterday's 'Y' column to show Positive for up day and negative for down movement
Quoting Ican2020
{quote} Please, can you make this great indicator ‘a multi scanner indicator where one can see infos on 28 pairs at a glance’ and if possible make the yesterday's 'Y' column to show Positive for up day and negative for down movement
I have not made a dashboard for it because I don't need to see many pairs simultaneously
but here is a dashboard if you are interested
https://www.forexfactory.com/thread/...scanner-alerts?

Now regarding the Y colour changing for yesterday being an UP or DOWN day,
I will do it in the next update.
Have a nice day
Quoting billv
{quote} I have not made a dashboard for it because I don't need to see many pairs simultaneously but here is a dashboard if you are interested https://www.forexfactory.com/thread/...scanner-alerts? Now regarding the Y colour changing for yesterday being an UP or DOWN day, I will do it in the next update.
Thanks and I look forward to that update
how to reduce the distance between a colon and a number value?
Attached Image
Quoting Nevals
how to reduce the distance between a colon and a number value? {image}
There is no adjustment for this spacing but what you are showing here is not what I see on any of my screens.
Is this MT4 and which Indicator version are you using?
Have a nice day
Quoting billv
{quote} There is no adjustment for this spacing but what you are showing here is not what I see on any of my screens. Is this MT4 and which Indicator version are you using?
Yes, this is MT4 and I am using 4.01 version. This problem with spacing you have when change font (in my case is Tahoma or Arial) and font size (in my case it is 8)

I also have problem when I use this ADR indicator with PositionSizeCalculator. When I have this two indicators on chart than there is problem with closing PositionSizeCalculator, it stuck on chart and delete ADR etc. If you are interested to fix this bug I can explant in details.

Also, can you add adjustment for this spacing in next version maybe?
Quoting Nevals
{quote} Yes, this is MT4 and I am using 4.01 version. This problem with spacing you have when change font (in my case is Tahoma or Arial) and font size (in my case it is 8) I also have problem when I use this ADR indicator with PositionSizeCalculator. When I have this two indicators on chart than there is problem with closing PositionSizeCalculator, it stuck on chart and delete ADR etc. If you are interested to fix this bug I can explant in details. Also, can you add adjustment for this spacing in next version maybe?
May I suggest that you don't change font, and simply disable any parameters which are not useful to you?
I don't have any conflicting problem with the indicators I've tried, post your PositionSizeCalculator indicator here if you like and I will take a look.
Have a nice day
Quoting billv
{quote} May I suggest that you don't change font, and simply disable any parameters which are not useful to you? I don't have any conflicting problem with the indicators I've tried, post your PositionSizeCalculator indicator here if you like and I will take a look.
Can you add adjustment for this spacing in next version maybe?
[quote = billv; 13089255] Nouvelle version 4.0 pour MT5 1. Ajout d'une alerte pour atteindre 100% ADR 2. Ajout d'un changement de couleur pour le pourcentage de lecture <> 100% 3. Ajout d'une ligne ouverte quotidienne car certains commerçants l 'utiliser pour un biais directionnel (ci-dessus la ligne qu'ils achètent seulement et en dessous de la ligne qu'ils vendent seulement) 4. Ajout de la ligne ADR High et Low afin que nous puissions voir où sont les limites du jour probable. Les lignes ADR jaunes (le potentiel haut et bas) sont dynamiques, c'est-à-dire que la ligne se déplace à mesure que la journée se développe et que la ligne s'arrête de bouger à une valeur de 6M, donc si les pips max (6M) sont touchés près d'un support majeur ou d ' un niveau de résistance cela pourrait être un bon niveau pour sortir d'un commerce ou pour inverser le commerce. {file} {image} [/ quote]

hello,the Line of New version not appear on my board so I want to how can I do. Thank
Any reason why it doesn't like to play with Indices ... The figures are all wrong
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