OPEN-SOURCE SCRIPT
Updated ADR [KasTrades]
This ADR indicator has 2 options: a Range of ADR, such as 7 and 14 which is typically used for indexes, index futures and equities, or a single ADR such as a 5 day which is typically used for forex.
The session start time is 17:00 ET (NY Time) by default, this is adjustable.
You can adjust the ADR days to different ranges such as 5 and 10, or a single ADR day such as 7.
Colors of the ADR high and low are also adjustable.
The session start time is 17:00 ET (NY Time) by default, this is adjustable.
You can adjust the ADR days to different ranges such as 5 and 10, or a single ADR day such as 7.
Colors of the ADR high and low are also adjustable.
Release Notes
Updated Script.- Made improvements to range plotting.
- Updated user input for selecting custom session.
- Indicator will now automatically detect the end session candle instead of the users trying to figure out which candle to use.
Now you just need to enter the session start time and it will do the rest for you.
Note: This is the identical indicator as the other ADR Indicator that is published by KasTrades.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.