Pretty self explanatory, this indicator tracks todays current range as a % of the 5 Day ADR. This is most useful for finding entries and looking for exits intraday, ie: how much hypothetical room is there for a trade to run? looking for entries in yellow and orange zones, exiting in blue once the ADR is reached etc. Reset variable should be used for the end of...
Average Daily Range ('ADR') Indicator for TradingView This script is based on the "Best 'ADR' Indicator for MT4" described at www.fxdayjob.com Inputs: Number of 'ADR' Back - Set the number of calendar days back to plot historical 'ADR'. The default value is 7. Non-trading days are not taken into account. A...