Daily Range, when is the start time?

For those who use TDR, YDR, ADR, when do you set the start time?
Do you set it to London session only or from London to NY close?

Any comments?

Come on guys.

Do you use the ADR for only one session? EX. NY open to NY close. Is this consider one day?

Depends on your broker and the software you are using. You don't identify either.

If no one bothers to answer, then it might be because they don't know. But then again, maybe its because you're asking something that's been asked many times before.

Did you search for the answer before you posted the question?

I do search before asking always. I did not found an answer to this question.

I trade London and NY session. I would like to know how to set up the start time of the ADR. There is MarketOpenHour option in the indicator for user to set the time.

Anyone knows the most effective start time of ADR to begin the day?

Should it be GMT0000, London open, NY open ?

Thanks.

Forex is a 24hr market so the ADR should cover a 24 hr period. One can choose to use the ADR of a session - London, NY, and so on - however the session range covers 8-9 hours then, and is lower than the ADR of the full cycle of all markets.

Different brokers have different server times. The simplest ADR calculators use daily bars, so they will calculate the ADR based on the brokers server time. More sophisticated ones are based off lower time-frames inorder to allow setting of the starting hour of the day.

Some popular alternatives are:
NY close. Last significant market to close.
NZ open. It is the first market to open.
GMT.
GMT+2.