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SD - Average Daily Range - Daily Weekly Monthly Yearly

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Average Daily Range ('ADR') Indicator for TradingView

This script is based on the "Best 'ADR' Indicator for MT4" described at fxdayjob.com/best-adr-indicator-mt4.

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 value of 7, for example, would display only 5 'ADR' for a 24x5 market.
  • Number of 'AWR' Back - Set the number of calendar weeks back to plot historical 'AWR'. The default value is 0.
  • Number of 'AMR' Back - Set the number of calendar months back to plot historical 'AMR'. The default value is 0.
  • Number of 'AYR' Back - Set the number of calendar years back to plot historical 'AYR'. The default value is 0.
  • 'ADR' Length parameter - Set the length parameter of 'ADR'. The default value is 1.
  • 'WDR' Length parameter - Set the length parameter of 'AWR'. The default value is 1.
  • 'MDR' Length parameter - Set the length parameter of 'AMR'. The default value is 1.
  • 'YDR' Length parameter - Set the length parameter of 'AYR'. The default value is 1.


See also:

- fxdayjob.com/best-adr-indicator-mt4
- pivotboss.com/2012/07/05/find-the-best-real-time-targets/
- jarrattdavis.com/average-daily-range-2/
Nota Keluaran
Fix the incorrect ADR math which manifests when length parameter > 1. Thanks to @PierreAbdulahad for spotting and reporting it!

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.