For those of us who are lazyTradesMH said:I have this Indicator But I need thats worked show 33%. That means ADR X % Indicator . @Andrew__C Used this indicatore her chart .I saw it .
I'm glad he asked the question because I was confused on what that indicator was showing on the screen.sqa said:Average of 5 day range, with a High & Low bar drawn from the current day's high & low. (That's why at midnight it's so huge)
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.sqa said:Average of 5 day range, with a High & Low bar drawn from the current day's high & low. (That's why at midnight it's so huge)
Cheers for the indicator, but seems if using FOREX.Ltd its dropping off the last digit (5 digit broker vs 4 digit broker; works perfect with Pepperstone). Also would it be possible to allow for font size and positioning?Computater707 said:For those of us who are lazy
Note the Percent parameter if you wish to change it
This is a smoothed simple moving average of the ADR. I noticed that some days it was the same as the iATR some days different but usually not by much.Daytrader21 said: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 four ranges (yesterday's+ Prev 5 Day Range + Prev 10 Day Range + Prev 20 Day Range)/4.
Check out your indicator inputs at the bottom you have: First_av=5; Second_av=10; Third_av=20.
So, if yesterday's Day Range was 80, the Previous 5 Day Range was 110, the Previous 10 Day Range was 90 and the Previous 20 Day Range was 120, then the Average Day Range would be 100.
Sounds like you are new to ICT concepts. A member called SQA has kindly set up a couple of pages full of ICT old and new videos, and that is the best place to go and learn. One of The sniper series explains kill zones, which is London Open, NY Open and London Close.khamer said:hello every one ...could someone please explain to me what and how to use kill zones
string comment="ADR " + DoubleToStr(MathRound((adr/Point)),1) + " Today " + DoubleToStr(MathRound(((today_high-today_low)/Point)),1) + " " + DoubleToStr(Percent*100,0) + " % ADR = " + DoubleToStr(MathRound((adr * Percent/Point)),1);
Thanks for your feedback but let me see if I got you right.Computater707 said:This is a smoothed simple moving average of the ADR. I noticed that some days it was the same as the iATR some days different but usually not by much.
True Range is different than Daily Range.Daytrader21 said:Thanks for your feedback but let me see if I got you right.
I was trying to calculate this manually and compare it with what the ADR indicator say and I don't get the same figure for the 5ADR
I don't have the source code of this indicator I only have the executable file. But from what I can tell I may be using a different version of ADR because the ADR H/L I get are static figures
I'm still confused about how it gets the High and Low