ADR percent probability

[JaxPacific]

I hope this is the right spot.

Is there an indicator that takes the ADR and tells you how many times it has moved x pips?

example:
ADR lookback 50, 100 or 200, 0r 300 etc
99% over 45 (pips)
98% over 42
95% over 38
90% over 34
75% over 30
50% over 23

and is there anyway it could have a MTF and historical option for manual backtesting?

ex, take the daily ADR percentage and plot it over the hourly, 15 minute, or minute chart?

the 3 time periods most important in my personal trading would be the weekly, daily, and 1 hour ADRs. Thanks

EDIT: I suppose since ADR is the daily range, technically the MTF aspect would be the ATR of the daily or hourly plotted over smaller time frames. But It really doesn't matter I don't think

[Apprentice]

Your request is added to the development list under Id Number 4751

Which presentation will be used.
A) Oscillator
B) MTF Dashboard
c) Pivot - Point line
D) All three
(is Pivot will be used, what will be starting point)

[Apprentice]

Try this version.
viewtopic.php?f=17&t=68608

[JaxPacific]

Thank you. My apologies that I didn't see your first reply

I think the output would have to be text over each period.

My thinking, was to just tally the previous periods and come back with a simple statistic.

For example..

timeframe to use: Daily
Lookback period : 1000

then have fixed % or have input boxes so the user can request.
50
65
75
90
95
99

So.. out of the 1000 days, I want to know the ADR statistics

99% of days the ADR was >= ?
95% of days the ADR was >= ?
65% of days the ADR was >=?
etc

Where 'days' is the requested time period.

So if time period is 'day' and lookback is 1000
I would have to use a chart < 1 day
let's say I'm using a 15 min chart
it would calculate the previous 1000 days
then it would print the text at the beginning of the following day, much like a marketprofile indicator etc

unless you can think of a better option? but I think you were correct with that.

so every day, above each 24 hour period (when daily adr is requested for MTF)
each 15 minute chart would have a text output ever day that looked something like
__________________________________________
EUR/USD 15min
|
|99% 38p
|95% 40p
|90% 45p
|75% 53p [] etc
|65% 58p [] []
|50% 60p [] [] [] [] []
| [] [] [] [] [] []
| [] [] []
| []
| [] []
| [] []
|[]
0:00 6/01/2019
_______________________________________________

does that make sense?

[Apprentice]

Your request is added to the development list under Id Number 4755

[Apprentice]

Try this version.

ADR percent probability.lua

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