Average Daily Range Table (ADR)

Hi All,

I have been asked to post each days ADR, and it just so happens (ta-daa) I have just such a thing:
Easy to read/interpret. Column 1 is yesterdays Range, Two (red) is the 5 day average and Three (Blue) is the 10 day average.

This is nice, would you be willing to share this? How or where can I find this chart "live" so I can move the scroll bar and find AUDJPY? Thanks!

I see AUD/JPY is on there. Yesterday range at 93, 5 day at 110, and 10 day at 97 pips.

Oh, yes it is. It's towards the bottom, and I just realized you will post this chart on a daily basis, which explains the static image. thanks!

Nice little thingy HP - can I thow away my notebook and pencil?

Good idea HP !! Keep it up

Good morning,
If any of you wondered why you had a bit of a rubbish day on the pairs yesterday...

Interesting table - is it available to the general public or have you compiled it yourself?

Hi fxdm1. Its self-compiled, as I use to to plot the actual ranges on my chart and use various levels as targets when in a trade. I'll show a grab so you can see how it looks. We know that a currency has over an 80% chance of hitting its 75% ADR so its useful to see when this happens and how far price is from this point. Will post todays table in a new message. I dont mind doing it daily and it only updates at midnight anyway so its not a live requirement. I am at my desk most of the time anyway if anyone needs it sent to them?

Todays Table; 13/03/2014 - If you want a pair I don't have displayed, please just ask and I shall include it.

Thanks for the reply.

Pleasure. If theres a pair you want that I've missed, fire away.

This is very nice of you! What a great thing to have available, thank you.

I looked at your pictures (chart grabs)/

To put the ADR lines on my chart, I just do it manuallly by drawing a line and then populating (entering) the price parameters, am I right?

Do I divide the ADR in half to place the lines on my chart? (example: 100 pips ADR divided by 2= 50 pips). And if, as in this example, the ADR is 100; does that mean price has an 80% chance of reaching the HIGH or possibly the LOW which would be 75% of 50 pips = 37.5 pips ?

In essence, I don't understand where I place the lines, and what is considered the center-line, and/or where to place it.

Thank you, and I hope you can help with these silly questions of mine.

Darran

Hi, if you could add USDTRY, that would be nice.

Thank you.

Morning Darran,
You have the concept right. I time my ADR's on my charts from midnight to midnight. Meaning, at the stroke of, my charts automatically go back to my table and see what activity there was that day and draw new lines. However, remember that as a chart moves during the day, the upper or lower levels will 'follow' the price as it climbs or falls towards the opposite line. Before that sounds daft, heres the idea.

At the start of the day (midnight) the lines draw their levels, with the price at that moment at the 'middle' point. So they are equally spaced. You have the sums correct.
But, lets say the price falls down towards the lower 100% level and reaches it. At this point it has done 50% of the days total range, which means if it now wants to climb straight back up again and then does this the upper level is accurate. It will have gone 100% of the days range in two moves. Heres the tricky bit. As the price carries on beyond 100% down, the upper level then needs to follow it down, as it has done more than its share downwards, meaning if it now turns, it doesnt have to travel so far to make up 100% of the days range.

To summarise, the exact middle point will 'follow' the 100% upper/lower level remaining the same distance though, if price goes through 100% up or down.

I shall pop up a grab or two to illustrate this better.

Todays table to follow, including USDTRY for you.

14 March 2014

Example:
GBPCAD: You can see yesterdays chart and because the price dropped well below the 100% level, it 'dragged' the upper lines down with it.

You can now see it since midnight, its wriggled around a bit in the middle but already started more 'up than down'. So, the lower levels have already begun creeping upwards to compensate for the distance that the price has climbed. (You can see the price at midnight [vertical dotted] is no longer the exact middle point.)

I hope this helps!!

And yes, to answer your question, the concept is borrowed from several base ideas, but its very seldom a price does not reach 75% of its ADR. The trick is to pick which way it will go.

Thank you for the explanation. I thought you might be using an indicator that draws these lines automatically, but I think you are saying you use the line tool (or whatever manual tool you have on that platform) and place the upper and lower 50% lines by dividing the ADR in two, with the current price of midnight (your time) in the 0% middle. So a move to the 50% lower line, or past it, as in the example of your GBPCAD chart, is what you are referring to: "GBPCAD: You can see yesterdays chart and because the price dropped well below the 100% level, it 'dragged' the upper lines down with it." By the way, because I'm in Thailand (+7 GMT), what is your timezone ....so I know when midnight is for you, please? And where are the "upper price lines" that were dragged down? Can I visually see them (are they the lines to the left?). Thanks!

Hi Darran,

Its an indicator so the levels are drawn automatically.

I am in London so GMT +0.

Todays Table: 17/03/2014