Displays the following values in a table in the upper right corner of the chart: ADR%: Average daily range (in percent). ATR: Average true range (hidden by default). LoD dist.: Distance of current price to low of the day as a percentage of ATR. All values are calculated based on daily bars, no matter what time frame you are currently viewing. Doesn't...
Script to use for position sizing based on portfolio size, max position, and max loss inputs. The option to use custom entry and stop are available, but default to last price for entry, and Low of Day (LoD) for stop. The ATR % is a measure of the low of day to current price as a percentage move. Credit to LonesomeTheBlue for the base code on position sizing and...
This indicator gives you a hint on hypothetical room left for a trade by tracking todays current range as a percentage of the 5 Day ADR. Look for entries in yellow and orange zones and exits on dark blue once the ADR is reached. I just added a Timeframe, Alerts for High and Low Zones and an option to colorize the Bars/Candles to "5 Day ADR ICT Intraday...
This applies a 'corrected' formula to the version created by alpine_trader (which is slightly off). It calculates the Average Daily Range (in percent) over the previous 20 periods and plots it in a chart. I am grateful to GlinckEastwoot for the 'corrected' formula.
Average Daily Range of a given period. Period is an adjustable input through setting's menu.
Calculates current daily range as a percentage of past 20 ADRs.
This script allows the user to change the look back period with a default of 7 periods. Fixed stops and/or profit targets can lead to risk mismanagement during high or low volatility conditions. For a particular setup, a profit target could be say 15% of the ADR and the stop at 10% of the ADR. ADR is sometimes preferred over ATR (Average True Range) as the former...
This indicator is to be used only by the values it gives back, don't use the lines . In "current week days" choose number of days that already BEGAN this week (ex. on Wednesday type 3) Green1 - Current Daily Range Orange1 - Average Daily Range Green2 - Current Weekly Range Red1 - Average Weekly Range Orange2 - Today's price movement compared to the average...
Users cannot seem to find the original. This is a new publish at the request of Austin Silver, please enjoy!
ADR - Average Day Range Tradingview Screener Average Day Range (ADR)
This version uses Pine Script v4 line objects which has a limit of 50 bars. See www.tradingview.com
This is an intraday indicator. Average Daily Range provides an upper and lower level around the daily open. It is calculated by taking an EMA/SMA average of a given number of previous days' True Range. It can be useful for helping guide support and resistance, for taking profits and for placing stops. It's a similar idea to the ATR indicator, but calculated...
Pretty self explanatory, this indicator tracks todays current range as a % of the 5 Day ADR. This is most useful for finding entries and looking for exits intraday, ie: how much hypothetical room is there for a trade to run? looking for entries in yellow and orange zones, exiting in blue once the ADR is reached etc. Reset variable should be used for the end of...
Average Daily Range ('ADR') Indicator for TradingView This script is based on the "Best 'ADR' Indicator for MT4" described at www.fxdayjob.com Inputs: Number of 'ADR' Back - Set the number of calendar days back to plot historical 'ADR'. The default value is 7. Non-trading days are not taken into account. A...
Basic ADR-indicator that is showing the daily range on lower timeframes as well, without using the current open daily bar for calculation. Also plots as line in a separate indicator window. Updates displayed value when hovering over the candles on the chart to see historical Numbers.
Calculates the Average Daily Range for the past 14 days high - low.
EXPERIMENTAL: needs validation if calculation is correct for the ADR. granted it has more use with optional timeframe.