DislikedHi Pgpb, thank you for yr time and willing to share yr knowledge with me. I appreciate it. How many candles are u looking at when u are loking at the 4 hr TF. It may paint to u differently if the numbers of candles we looking at are different. ThanksIgnored
Hi there
The ADR indicator is simply comparing the average trading range of the last 5 candles compared to the previous 25 candles (If set at 5 to 25)
I really do not use this indicator religiously. I have become more and more indicator free.......indicators can only tell you so much.....and they will always be telling you what HAS happened.....candles and price action may give clues as to what MAY happen in the future.
PGPB