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ADR Average daily Range Indicator

Quoting billv
{quote} We have to be careful not to be overloaded with numbers and indicators. Think about it for a while and if you still see much value in it, send me a private message with the details of what you want to see on the screen and the inputs and I will code it when I'm back from my vacation next month.

Hello there Bill! I hope you are doing well.

Can you please add an option to your indicator so it can display the ADR historically too?

Like "X" days in the past.

Best regards
DOWNLOAD NEW VERSION 4.1 FROM PAGE 1
Addet option to print the ADR lines of previous days
New Inputs:
Print_Historical_HL_Lines=true
Historical_HL_Line_Bars=5
If you want to see the ADR lines of the previous 30 days then change the number 5 to 30
Have a nice day
Quoting billv
DOWNLOAD NEW VERSION 4.1 FROM PAGE 1 Addet option to print the ADR lines of previous days New Inputs: Print_Historical_HL_Lines=true Historical_HL_Line_Bars=5 If you want to see the ADR lines of the previous 30 days then change the number 5 to 30
Brilliant, thanks a lot my friend.

Happy new year !
Hi billv,
may I draw you attention whit Larry Williams ATR conception explained in his book " The definite guide to futures trading" as hi take 85% of 5 day ATR and we will then add that price to last night's close for a buy signal and substract 85% of the 5 day average from last night's close.
My I kindly request yo add this function to you last indicator ADR ?

Regards
veslup
Quoting veslup
Hi billv, may I draw you attention whit Larry Williams ATR conception explained in his book " The definite guide to futures trading" as hi take 85% of 5 day ATR and we will then add that price to last night's close for a buy signal and substract 85% of the 5 day average from last night's close. My I kindly request yo add this function to you last indicator ADR ? Regards veslup
Hello veslup
ATR is a different measure.
If I were to add this idea to my indicator, you can imagine the 2 yellow lines to be 15% closer together so we would reach maximum pips earlier.
What is the point of that?
I think he is trying to trade range breakouts but his idea is specific to ATR and to his strategy.
Try to focus more on your strategy.
Trade safe.
Have a nice day
  • Post #186
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  • Edited Jan 28, 2022 10:35am Jan 27, 2022 12:05pm | Edited Jan 28, 2022 10:35am
Hi Bill, I have some suggestions for the indicator:

1) I found an inconsistency on the indicator readings (Y/M/6M/H/L), on currencies it shows the values in pips, but on indices it shows in points instead. Is it possible to make them consistent (i.e. showing either pips or points for both) and provide a setting to choose between pips and points for this?

2) Could you show the High & Low sum on the indicator readings? It's just for convenience so we don't need to calculate them in our head.

3) Add button to toggle the visibility of the indicator on the chart. There should be a setting to adjust the corner alignment and x & y position of the button too.

Best Regards
Greetings and thank you for the great tool!

Being an old-timer who does most of his "research" visually, I check for swings relative to ADR on historical candle charts. To get the number for a particular day back in time, I go to D1 and pluck the number off from an ADR line, plug it in xcel for added %, and print it manually on the main chart, as seen below (*text : ADR %ADR %ADR).

It would help me a whole bunch if I had them printed as I cycle back. No worries if you have more pressing concerns. I appreciate the time and hard work you have already devoted. Thank you!

All the best!
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