Trader248

ASFX ADR Tool

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Users cannot seem to find the original. This is a new publish at the request of Austin Silver , please enjoy!
Release Notes: update to publish with clean chart!
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.

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Comments

how can the textcolor of the labels be changed? they are barely visible on dark charts. and btw why do you use 5 for length? Can you recommend a setting for 24/7 markets?
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Hello! What makes it plot the lines where is does the next day? Like ADR / 2 from midnight etc.
Why I am asking is because it many times are perfect s/r levels. Thanks for a great tool.
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Trader248 The-Hunter
@The-Hunter, ADR is the high minus low for last week of trading days, so it makes sense that most of the time those levels will turn out to be great s/r levels.
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The-Hunter Trader248
@Trader248, Ok, Thanks
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Please sir how can I trade the ADR
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Trader248 salimishaq6
@salimishaq6, I wouldn't, you might find other rules and use ADR for confluence.
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