Thanks for your feedback but let me see if I got you right.
Do you imply that the indicator only calculates the 5 Day (set by default) ADR?
It takes the last five days ranges (1st Day High-Low= 1st Day range, 2nd Day H-L=2nd Day Range......)/5 = ADR?
I was trying to calculate this manually...
What do you mean by "drawn from the current day's high & low."? You don't have the current day H/L until the day is over.
Actually the the indicator computes yesterday's Day Range (Daily High - Daily Low), the previous 5, 10 and 20 days ranges. And it calculates the "Average Day Range" of these...
Hi Guys,
Can anyone please guide me in the right direction about the ADR indicator and what parameters ICT uses? TimeZoneofData and TimeZoneOfSession parameters
If you take in consideration that each broker uses different time zone you will get different numbers.
Thx