OPEN-SOURCE SCRIPT

Average Daily Range (ADR) with variable look back period

6 371
This script allows the user to change the look back period with a default of 7 periods. Fixed stops and/or profit targets can lead to risk mismanagement during high or low volatility conditions. For a particular setup, a profit target could be say 15% of the ADR and the stop at 10% of the ADR. ADR is sometimes preferred over ATR (Average True Range) as the former doesn't include gaps

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.