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Daily Range Movement Summary

PostPosted: Sat Feb 09, 2019 5:10 am
by Apprentice
usdjpy-w1-fxcm-australia-pty-2.png

Based on request.
viewtopic.php?f=27&t=67289
Daily Range Movement Summary.mq4
(9.08 KiB) Downloaded 602 times


TS2/Lua version
viewtopic.php?f=17&t=70109

Re: Daily Range Movement Summary

PostPosted: Sat Feb 09, 2019 7:53 am
by logicgate
Thanks a lot my friend! I am gonna download and test. Looking good!

I can see you are using the indicator in a weekly timeframe. That is why I asked you to make a version for weekly and other for monthly.

Because:

1st - you won`t get confused (because in your pic, we are seeing daily summary in the weekly chart)

2nd - the calculation method must be optimized for weekly and monthly. Because the indicator uses the daily bars for calculate the ADR, right? So, the average weekly range (AWR) will use the weekly bars, and the average monthly range (AMR) will use the monthly bars.

Re: Daily Range Movement Summary

PostPosted: Sat Feb 09, 2019 8:15 am
by logicgate
Another thing I noticed in your image, you are using a JPY cross, I can see you broker uses fractional pip. Usually there are only two decimals to the right, like mine.

The reading in your screen says 25.0 for ADR and 30.3 for ADM.

this means 250 and 303 pips right? If you could get rid of the dot it would be better.

Re: Daily Range Movement Summary

PostPosted: Mon Feb 11, 2019 4:42 am
by Apprentice
Your request is added to the development list under Id Number 4466

Re: Daily Range Movement Summary

PostPosted: Wed Feb 13, 2019 5:23 am
by Apprentice
Daily Range Movement Summary v.1.1.mq4
(9.38 KiB) Downloaded 484 times

Try this version.

Re: Daily Range Movement Summary

PostPosted: Sun Aug 18, 2019 6:25 pm
by logicgate
Hello dear friend, I was testing the indis now, there is need for more tweaking.

There is conflicting info, even though the indis are set with the same settings, check the screenshot.

The daily range movement summary is in need of the timeframe option too (in indi settings), just like the ADR.

Perhaps they are not using the same start time for the calculation. My broker is IC Markets so the daily bars are synced to the NY close. So at 17h in NY it is 00:00 in my broker (GMT +3) and a new daily bar starts plotting. So make sure that the calculation is using the open of the daily bar as a start point Thanks!.
Average Daily Range.mq4
(4.74 KiB) Downloaded 336 times

Re: Daily Range Movement Summary

PostPosted: Fri Aug 23, 2019 5:40 am
by Apprentice
Daily Range Movement Summary v.1.2.mq4
(9.39 KiB) Downloaded 334 times

Try this version.

Re: Daily Range Movement Summary

PostPosted: Fri Aug 23, 2019 8:40 am
by logicgate
Great!!

Re: Daily Range Movement Summary

PostPosted: Fri Aug 23, 2019 12:32 pm
by logicgate
I have just tested and I can see you havenĀ“t added the MTF ability to the indicator as requested and shown in the screenshot I posted. The ADR matches now with the other ADR, but the ADM is still changing when we change the timeframes, that is we need to have the MTF option. If I set to daily for example, like in the ADR indicator, then it does not matter if I change the timeframes, the value is constant.

Best regards!

Re: Daily Range Movement Summary

PostPosted: Tue Aug 27, 2019 7:23 am
by Apprentice
Your request is added to the development list.
Internal developer reference 7.