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