Average Daily Range — Indicator by DasanC

Re-Re-upload!

There are a handful of decent Average Daily Range indicators out there.
Often they are built using Pinescript v2 (severely outdated) or have no customization or are "Closed Source"

In this version, you can select two multipliers to display on chart
Primary Mult - Large Green or Red crosses, by default set to 1 or 100% of ADR
Secondary Mult - Small Aqua or Maroon crosses, by default set to 0.5 or 50% of ADR

Cheers,
EFX

Release Notes:

Additional third ADR level
Update to Pine V5

Need Indicators/Strategies for TradingView? -> t.me/pinescripters_jobs
General questions about Pinescript? -> t.me/pinescripters

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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