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New Average Daily Range (ADR) Indicator

  • #61
  • Nov 12, 2021 9:52am Nov 12, 2021 9:52am
Hello Zoheb,

Many thanks for the OGT ADR indicator.
Is it possible to make a multicurrency dashboard of it? It would be very valuable.

Greets,
Retur
  • #62
  • Dec 21, 2021 1:42am Dec 21, 2021 1:42am
Thanks a lot for V1.2 zoheb, I was looking for historical ADR on the chart so we could study and test strategies.

Best regards
  • #63
  • Edited Jan 26, 2022 2:43am Jan 25, 2022 12:54pm | Edited Jan 26, 2022 2:43am
Hi, thanks for the indicator. If I could give a suggestion, is it possible to add button to toggle the visibility of the indicator on the chart?

Also, I'm not sure if this is a bug or not, but in GBPCAD H1 chart with the OGT ADR v1.2 indicator, I set the ADR_Look_Back_Period setting to 10, but the 100%+ value is 40% when there are only 3 Day Periods out of 10 Periods that show the blue line (see the attached image below), so should the correct 100%+ value be 30% instead in this case?


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH1-ADR.png Size: 74 KB


Another issue is I often got "Error - chart period is greater than 1 day" pop-up message when I started the MT4 with some charts having the OGT ADR v1.2 indicator on them. I can reproduce the issue by switching the chart to W1 or MN chart (I use default settings on the indicator).
  • #64
  • Jan 26, 2022 2:13am Jan 26, 2022 2:13am
HI, really very god ADR indicator you made.

In relation develop a system..maybe take a atr of 15 days is too much because in that period of time vola can change a lot.
The only constant is change
  • #65
  • Jun 29, 2022 10:41am Jun 29, 2022 10:41am
Hi,

Do you have this indicator for the mt5 platform?

This indicator considers gaps in its formula?

If there's not a mt5 version, do you know of any that displays the ADR plus the reference lines regarding the levels?


Tks,
  • #66
  • Jun 30, 2022 1:17am Jun 30, 2022 1:17am
Universal managers have SL, TP settings according to the following variables:
ATR TF
ATR multiplier
ATR Period
I can't find an indicator that would render line spacing with the same settings.
Please excuse the bad English via Google Translate.
  • #67
  • Aug 4, 2022 8:09am Aug 4, 2022 8:09am
Quoting dokopy
Universal managers have SL, TP settings according to the following variables: ATR TF ATR multiplier ATR Period I can't find an indicator that would render line spacing with the same settings.
Is the indicator still working?. I have downloaded it but it not working for me.
  • #68
  • Aug 4, 2022 12:28pm Aug 4, 2022 12:28pm
Quoting Ayaaba
{quote} Is the indicator still working?. I have downloaded it but it not working for me.
I didn't put any indicator here.
Please excuse the bad English via Google Translate.
  • #69
  • Oct 7, 2022 11:58pm Oct 7, 2022 11:58pm
Quoting zoheb01
Hey Guys, I'm here with another brand new indicator the - OGT ADR v1.0 Indicator. There are a number of ADR indicators floating around on this forum, and I've taken the best bits from each one to create my own. It has the usual features: Session time to align with your broker Customise ATR look back period Display ADR upper and lower bands However, I've added a brand new feature which I believe sets this ADR indicator above the rest. It will tell you how far price has moved everyday (for the past x days) against the current ADR (default set to 100...
Hii sir , thnk u for this amazing indicator, but can u make this indicator Mtf ? Like it must have an option to select monthly,weekly,daily,h4,H1,m30... M1 adr ? All thngs will be same, just wanted to add this option, so that it can show average ranges of selected time frame, thnx...
  • #70
  • Oct 14, 2022 11:58am Oct 14, 2022 11:58am
It looks like that "version 1.2" does not agree with trendlines. When I select a trendline by double clicking on it, the indicator cancels the selection. The older version works fine. Thanks for this tool.
  • #71
  • Nov 9, 2022 6:55am Nov 9, 2022 6:55am
Thanks a lot for this great tool. It helps me a lot with my daily trading. The levels tell me the right time to enter. Lower and upper lines are my TPs. Thanks again for sharing. God bless you
  • #72
  • Dec 20, 2022 2:57pm Dec 20, 2022 2:57pm
Quoting zoheb01
Hey Team, I’m really excited to share the OGT ADR Indicator v1.2. In this latest update I’ve provided the most requested feature. You now can see historic ADR levels of previous days on the chart. This allows you to visually see how often the pair’s ADR gets hit and back test your favorite ADR strategies. The video below outlines this new feature in more detail. I’m always looking to make these indicators better and help you make better trading decisions. Please provide your feedback, and thanks for using my indicators. https://youtu.be/FmEEj38Homg...
Hi, good indicator, is possible to enable buffer showing x% value current bar ?
  • #73
  • Jan 27, 2023 6:22pm Jan 27, 2023 6:22pm
While I am research the ADR push notification I can across yours OGT ADR.

Quick question, I was using ADR1 for a while, but I realize your ADR calculation is a little off to the 5 day calculation compare to the ADR 1 that im using.
Since your OGT ADR have little bigger range, the entry trigger was miss by 2-4 pips compare to ADR 1.

Would you mind to find out why the calculation is different and make it the same calculation to ADR1?

Thanks.
Attached File(s)
File Type: mq4 ADR 1.mq4   15 KB | 782 downloads
  • #74
  • May 11, 2023 3:11pm May 11, 2023 3:11pm
For more concepts on trading ADR visit this thread

DHR - Daily Half Range Strategy

https://www.forexfactory.com/thread/...range-strategy
It takes a lot for me to IGNORE you, but you can try.
  • #75
  • May 12, 2023 2:18am May 12, 2023 2:18am
Quoting sidman
{quote} THIS - i would love a 3x ADR so i can track reversals etc. If I knew how to code it, i would do it - but @zoheb01, I would love to be an option too
Yes, this would be a great option to display levels above 100% ADR, say right up to 250% or even 300% the way the market has been moving lately.

Not seen zoheb01 for over a month

This video shows much research of the ADR on all pairs

Inserted Video
It takes a lot for me to IGNORE you, but you can try.
  • #76
  • Jun 28, 2023 4:11am Jun 28, 2023 4:11am
It's an excellent indicator, definitely, it's going to be a breakthrough for Intraday traders, they could maximize the profits for sure. Thanks a lot for this great work.

A small observation. It is not working in the following pairs. Please suggest
USDCAD
USDCHF
NZDUSD
  • #77
  • Jul 4, 2023 6:20pm Jul 4, 2023 6:20pm
Quoting nagstn
It's an excellent indicator, definitely, it's going to be a breakthrough for Intraday traders, they could maximize the profits for sure. Thanks a lot for this great work. A small observation. It is not working in the following pairs. Please suggest USDCAD USDCHF NZDUSD
We are not mind readers or psychic, so my suggestion is to provide further information detailing exactly the problem.

A chart might even help.

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-07-05_11-17-09.jpg Size: 418 KB
It takes a lot for me to IGNORE you, but you can try.
  • #78
  • Aug 6, 2023 4:46pm Aug 6, 2023 4:46pm
Hi buddies. Is someone using this indicator?
  • #79
  • Aug 30, 2023 2:29pm Aug 30, 2023 2:29pm
hi can we add that we can check only 1 special day . like only check on monday ?
thx
  • #80
  • Dec 10, 2024 8:50pm Dec 10, 2024 8:50pm
Good day, are you able to post the mq4 or duplicate the red line input box 13 times?




Quoting zoheb01
Hey Guys, I'm here with another brand new indicator the - OGT ADR v1.0 Indicator. There are a number of ADR indicators floating around on this forum, and I've taken the best bits from each one to create my own. It has the usual features: Session time to align with your broker Customise ATR look back period Display ADR upper and lower bands However, I've added a brand new feature which I believe sets this ADR indicator above the rest. It will tell you how far price has moved everyday (for the past x days) against the current ADR (default set to 100...
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