Trade Context Overnight Range & Average Daily Range Projection — Indicator by TakeProfitTrader

volatility tradecontext averagedailyrange projections overnightrange overnight

This indicator plots the low and high of a time period of your choice. We use this to plot the overnight high and low for the futures markets.

The ADR projection shows you a dynamic projection of how far the average daily range would take us. It updates in real time as the market makes new highs and lows.

Release Notes:

Newer version allows ADR and Overnight sessions to be calculated independently. User defines the time.

ALL TIMES ARE IN EXCHANGE TIME (CENTRAL US TIME) NOT THE TIMEZONE FROM YOUR COMPUTER

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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