Average Daily Range ADR by th

3 hari lalu

Special for Amer and ATR testing and some text for description which I will add a little bit later because beatiful tv can't pass my indicator to be published

kelmarin

Nota Keluaran

# Average Daily Range High Low v5 - ADR HiLo v5

## 📊 Indicator Overview

**ADR HiLo v5** is a powerful indicator for analyzing Average Daily Range that helps traders identify potential support and resistance levels based on historical volatility data.

## 🎯 Key Features

### 📈 ADR Visualization
- **Upper ADR Level** (🟢) - potential target for long positions
- **Lower ADR Level** (🔴) - potential target for short positions
- Display for last N days (configurable from 1 to 100)

### 📊 ADR Percentage Levels
The indicator shows additional ADR levels with color coding:
- **50-100%**: 🟢 Green/🔴 Red (standard levels)
- **101-150%**: 🟡 Yellow/🟣 Purple (extended levels)
- **151-200%**: 🟠 Orange/🟤 Brown (extreme levels)

### 📋 Statistics Table
Shows detailed statistics for each level hit rate:
- Number of days bullish levels were reached
- Number of days bearish levels were reached
- Overall success percentage for each level
- Number of analyzed days

## ⚙️ Settings

### 🔧 Core Parameters
- **ADR Length**: Period for calculating average range (default 14)
- **Show ADR for last N days**: Number of days to display (1-100)
- **Display as forex pips**: Show range in pips for forex pairs

### 🎨 Visual Settings
- **ADR Bull/Bear Colors**: Colors for bullish/bearish levels
- **Show ADR percentage levels**: Enable/disable percentage levels
- **Percentage levels**: Customizable levels (default: 50,60,70,80,90,100,150,200)

### 📊 Statistics
- **Show statistics table**: Enable/disable statistics table
- **Statistics position**: Table position on chart

## 🎯 How to Use

### 📈 For Trading
1. **Long positions**: Look for entry points near lower ADR levels with targets at upper levels
2. **Short positions**: Look for entry points near upper ADR levels with targets at lower levels
3. **Risk management**: Use statistics to assess probability of reaching levels

### 📊 Volatility Analysis
- High percentages of 100%+ level hits indicate high volatility
- Low percentages of basic level hits may signal changing market conditions

## 🔍 Features

### ✅ Advantages
- Automatic calculation of optimal levels based on historical data
- Detailed statistics for each level
- Color coding for easy recognition of level importance
- Forex pips support for currency pairs
- Customizable parameters for different trading styles

### 🎯 Suitable for
- Intraday trading
- Scalping
- Swing trading
- Market volatility analysis

## 📝 Notes

- Indicator designed for timeframes from 1 minute to 4 hours
- Best results on active markets with high liquidity
- Recommended to use in combination with other technical analysis methods

## 🔄 Version 5

This version includes:
- Enhanced statistics with detailed analysis
- Extended percentage levels up to 200%
- Optimized performance
- Better visualization with emojis and color coding

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*This indicator is created to help traders identify potential support/resistance levels based on average daily range. Use at your own risk.*