Average Daily Range

Calculates the Average Daily Range for the past 14 days high - low.
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.

Want to use this script on a chart?
study(title="Average Daily Range", shorttitle="ADR", overlay=false)
thishigh = security(tickerid, 'D', high)
thislow  = security(tickerid, 'D', low)
length = 14
adr = sma(thishigh,length)-sma(thislow,length)
plot(adr, color=red)