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ADR Average daily Range Indicator

  • #181
  • Dec 20, 2021 11:45am Dec 20, 2021 11:45am
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
  • #182
  • Dec 26, 2021 4:07am Dec 26, 2021 4:07am
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
  • #183
  • Dec 26, 2021 5:55am Dec 26, 2021 5:55am
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 !
  • #184
  • Jan 23, 2022 9:19am Jan 23, 2022 9:19am
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
  • #185
  • Jan 23, 2022 2:54pm Jan 23, 2022 2:54pm
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
  • #186
  • Edited Jan 28, 2022 9:35am Jan 27, 2022 11:05am | Edited Jan 28, 2022 9:35am
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
  • #187
  • Jan 29, 2022 4:10am Jan 29, 2022 4:10am
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!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 48 KB
  • #188
  • Sep 29, 2022 3:32pm Sep 29, 2022 3:32pm
Hi Bill, firstly I would like to appreciate you for this gift to the forex community, I'm a benefactor.

I have a suggestions for the indicator from my own experience.

I would like to have a dashboard to view multiple (or selected) currency pairs, say about 10. The main objective is to see the percentage and act on which ever gets to the 100% mark.

Would you be kind enough to add this to the next update pls.

Regards
  • #189
  • Dec 4, 2022 3:32pm Dec 4, 2022 3:32pm
Quoting PlSoft
Hello {image} Attached is an updated version of ADR (an error removed) and a strength / weakness indicator that I modified to match. {file} {file}
Can you please add the option to show/hide the currencies at the top and the HC and HL please?

Thank you!
  • #190
  • Jan 15, 2023 7:17pm Jan 15, 2023 7:17pm
Is there are version of your indicator that works with indices (especially the US30)?

I really like your ADR tool on Forex - have been using it with the EURUSD, but it doesn't seem to work correctly with US30.

Please advise.
8 Minute Trader Return Today: na
  • #191
  • Apr 23, 2023 12:28pm Apr 23, 2023 12:28pm
Hello everyone! this is a great thread.
I have been working with ADRs for a long time, and I am working on the most logical periods for them.

  1. Personally, for ADR I like 20 periods, which measures monthly volatility.
  2. For the AWR I have 12 periods, which makes a quarter.
  3. And for AMR I have 6 periods, which makes a semester.

Many institutions measure their operations in these periods, so it is the logic that I have used and it helps me a lot.
I use 2 indicators to measure the different ADRs and their % reversals. I hope I can learn from this thread and contribute what I can.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy-h4-darwinex.png Size: 32 KB
Click to Enlarge Name: ADR.jpg Size: 44 KB
Attached File(s)
File Type: ex4 Levels_PLUS.ex4   290 KB | 724 downloads
File Type: ex4 OGT ADR Indicator v1.2.ex4   52 KB | 691 downloads
  • #192
  • Jun 23, 2023 3:45am Jun 23, 2023 3:45am
Hello everyone, a FF member asked me a question regarding compatibility of the ADR indi with 4K monitors
He experienced a problem where MT4 was not printing correctly the text of the ADR indicator.
This is an MT4 problem and it can happen with many indicators and EA's

If you are experiencing this problem, Close your MT4 platform,
then find the terminal.exe, right click on the file (or its shortcut), select Properties > Compatibility tab > Click on change high DPI settings". tick the box click Overide high DPI scaling behavior, then click ok and finally click Apply and restart your MT4 platform.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 21 KB
Have a nice day
  • #193
  • Edited Jul 1, 2023 7:01pm Jun 30, 2023 8:26pm | Edited Jul 1, 2023 7:01pm
Hi billv,

Why is it that the range of the OGT ADR Indicator v1.0 is different than the range of your indicator? I compared the OGT indicator's range to some other ADR indicators and they are similar. So, why is your different? Thanks.

P.S.
To those who are interested in the OGT ADR indicator, I use the V1.0, there's nothing wrong with it. The v1.2 is updated, it has more features.
Video and indicators attached:

Inserted Video
Attached File(s)
File Type: ex4 OGT ADR Indicator v1.0.ex4   26 KB | 433 downloads
File Type: ex4 OGT ADR Indicator v1.2.ex4   52 KB | 610 downloads
  • #194
  • Nov 20, 2023 5:44am Nov 20, 2023 5:44am
ORLONDO 35 which one is the updated one and the original one
  • #195
  • Jan 26, 2024 6:23am Jan 26, 2024 6:23am
Hey Guys, would it be possible to add a time range to this indicator?

I trade the indices and I'm interested in the ADR of the cash session only - so for S&P 500 that would be 9:30am to 4pm EST.

I would love to be able to plot the ADR's for that session only, rather than using all the data from the overnight in the ADR calculations.

Thanks a lot!
  • #196
  • Jan 29, 2024 3:41pm Jan 29, 2024 3:41pm
Quoting Naan-Deal
Hey Guys, would it be possible to add a time range to this indicator? I trade the indices and I'm interested in the ADR of the cash session only - so for S&P 500 that would be 9:30am to 4pm EST. I would love to be able to plot the ADR's for that session only, rather than using all the data from the overnight in the ADR calculations. Thanks a lot!
This has been explored before, believe me, you are not the 1st, pretty sure an indicator exists out there somewhere...

https://www.mql5.com/en/blogs/post/385162

It takes a lot for me to IGNORE you, but you can try.
  • #197
  • Jun 15, 2024 2:37pm Jun 15, 2024 2:37pm
Quoting orlondo35
{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 calculated {image} {image}
Were you able to get this indicator sir.
Do you mind adding me in the telegram group
  • #198
  • Oct 14, 2024 2:27am Oct 14, 2024 2:27am
Hello.
Could someone please this DWM Ranges indicator
Change for MT5
Attached File(s)
File Type: mq4 DWMRanges.mq4   13 KB | 295 downloads
  • #199
  • Jan 8, 2025 6:51am Jan 8, 2025 6:51am
this is an awesome indicator.
i use the mt5 version.. i really like it!
thanks a lot billy
  • #200
  • Feb 2, 2025 11:19am Feb 2, 2025 11:19am
Quoting billv
Hello everyone, a FF member asked me a question regarding compatibility of the ADR indi with 4K monitors He experienced a problem where MT4 was not printing correctly the text of the ADR indicator. This is an MT4 problem and it can happen with many indicators and EA's If you are experiencing this problem, Close your MT4 platform, then find the terminal.exe, right click on the file (or its shortcut), select Properties > Compatibility tab > Click on change high DPI settings". tick the box click Overide high DPI scaling behavior, then click ok and...
Hi billv! Thank you a lot for your indicator Average Daily Range V4.1 !!!
Is it possible to exclude Sunday's data from calculation in it?
thank you
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