OPEN-SOURCE SCRIPT
Updated Average Daily Range High Low
This version uses Pine Script v4 line objects which has a limit of 50 bars.
See tradingview.com/pine-script-docs/en/v4/essential/Drawings.html
See tradingview.com/pine-script-docs/en/v4/essential/Drawings.html
Release Notes
This version displays the average range on the upper line. If "Display average range as forex pips?" is enabled, the range value will be shown in pips.Release Notes
Update parameter namesRelease Notes
Fixed bug in yearly ADR. Thanks to kiero!Release Notes
Use the new arrays feature to track how many ADR to showRelease Notes
Add line color inputsRelease Notes
Fixed label alignment issue
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 publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script 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.