Average Daily Range

[Apprentice]

Based on request.
viewtopic.php?f=27&t=70578

Average Daily Range.mq5

(20.42 KiB) Downloaded 447 times

Average_Daily_Range.mq4

(23.21 KiB) Downloaded 221 times

[logicgate]

Thanks buddy, gonna test it now.

[logicgate]

Tested and working perfectly now ,thanks!

[logicgate]

Hi there buddy, you could compile two extra versions of this indicator by simply changing in the code which bar to use in the calculation. As of now it uses the daily bar as base for calculation.

You could compile one that uses the weekly bar and another that uses the monthly bar, so we will get:

Average Weekly Range (this one would be good to use in a hourly or 4hour chart)
Average Monthly Range (this one would be good to use in a daily chart)

[Apprentice]

Your request is added to the development list.
Development reference 2260.

[Apprentice]

Timeframe parameter has been added

Average Daily Range.mq5

(20.44 KiB) Downloaded 352 times

[logicgate]

Brilliant gonna test it now, thanks!

[logicgate]

Timeframe parameter has been added

Average Daily Range.mq5

Hi buddy, is it possible to add to the latest version of the indicator an option to show the ADR historically too? Like "X" days in the past?

Obviously when using another timeframe like weekly it would show "X" weeks in the past.

Best regards

[Apprentice]

Your request is added to the development list.
Development reference 1029.

[logicgate]

Hi there buddy! just checking if you did not forget about this... It was just an addition of historical ADR (show historical ADR lines in the last "X" days/weeks/months - whatever timeframe is set in settings). Best regards