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Question about this ATR indicator?

  • #1
  • First Post: Mar 8, 2015 6:49am Mar 8, 2015 6:49am
Try zooming out on it on atleast an H1 chart and it gives a specific price point. Try zooming into the chart with M1 and the price changes for the high or the low what gives? I see no reason why it would need to give alternate prices just because it's zoomed in or not?
Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 361 downloads
  • #2
  • Mar 8, 2015 7:11am Mar 8, 2015 7:11am
does it just repaint? is it suppose to do this? I don't see why there would be a reason to give different prices just because it's zoomed in?
  • #3
  • Edited 7:45am Mar 9, 2015 7:20am | Edited 7:45am
Quoting justin7
Try zooming out on it on atleast an H1 chart and it gives a specific price point. Try zooming into the chart with M1 and the price changes for the high or the low what gives? I see no reason why it would need to give alternate prices just because it's zoomed in or not? {file}
Justin,

This indicator is DYNAMIC - that means the lines moves as price moves

WHY? So that you will always know where the projected daily high or low will be

It only uses data from the daily chart, no matter what timeframe you are looking at

Look at my 2 charts and you will see the high & low are the SAME on both 1 min and 1 hour charts

What was happening when you were watching it, price was either at the high of the day or the low of the day

In that case, the opposite line will have been moving either up or down

The ADR high is projected from the CURRENT low of the day

The ADR low is projected from the CURRENT high of the day

You really need to watch it in action for a few days to appreciate the programming and thought in this indicator

Or have a good mind to visual this process, unlike some that post here

Once the ADR is met, price will be touching both the high and the low of the day, and it changes color and becomes FIXED lines

Of course price will carry on, it can go 2 or 3 times ADR no problem

Any questions, please ask, here to help you with true information only, John
Attached Image(s) (click to enlarge)
Click to Enlarge Name: adr1.png Size: 41 KB
Click to Enlarge Name: adr2.png Size: 65 KB
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  • #4
  • Mar 9, 2015 8:42am Mar 9, 2015 8:42am
Quoting justin7
Try zooming out on it on atleast an H1 chart and it gives a specific price point. Try zooming into the chart with M1 and the price changes for the high or the low what gives? I see no reason why it would need to give alternate prices just because it's zoomed in or not? {file}

Try this, it will not repaint, set number of days you want

Attached File(s)
File Type: ex4 ADR.ex4   11 KB | 431 downloads
  • #5
  • Apr 21, 2015 2:00am Apr 21, 2015 2:00am
Quoting Erebus
{quote} Justin, This indicator is DYNAMIC - that means the lines moves as price moves WHY? So that you will always know where the projected daily high or low will be It only uses data from the daily chart, no matter what timeframe you are looking at Look at my 2 charts and you will see the high & low are the SAME on both 1 min and 1 hour charts What was happening when you were watching it, price was either at the high of the day or the low of the day In that case, the opposite line will have been moving either up or down The ADR high is projected...
Hi Erebus,

thanks for your detailed explanation..:-)!
Another issue with it is the Sunday. It counts as one full day, although trading last only 1 hout at my broker. There is an indi on pivots with skipping Sunday. Do you know a similar indi for ADR hogh/low?

Thank you very much and good luck...

jdva
I never lose - either I win or I learn...
  • #6
  • Last Post: Apr 21, 2015 2:45am Apr 21, 2015 2:45am
Quoting jdva
{quote} Hi Erebus, thanks for your detailed explanation..:-)! Another issue with it is the Sunday. It counts as one full day, although trading last only 1 hout at my broker. There is an indi on pivots with skipping Sunday. Do you know a similar indi for ADR hogh/low? Thank you very much and good luck... jdva
Easier to change brokers
Attached Image (click to enlarge)
Click to Enlarge Name: 21-04-2015 5-42-41 PM.png Size: 597 KB
It takes a lot for me to IGNORE you, but you can try.
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