Average Daily Range Indicator

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I am looking foir an indicator for MT4 that can calculate the annual average daily range of any currency pair. I have seen plenty out there with no inputs at all or some that can do up to 100 days etc, but want to be able to calculate the ADR for 1 trading year and have it just show in a corner as pips.

Anyone know of such an indicator?

cheers

honkin

[Deleted]  

H

Look at the MetaTrader ATR built-in indicator - set it to what you want or modify it

-BB-

 

I am not after average true range but average daily range. They are not the same BorrowBoy, but thanks for your reply.

honkin

[Deleted]  

I took some code from Forum on www.ForexFactory.com and cleaned it up a bit.

Files:
thegreedypigradrfv6.mq4  14 kb
 

Try this:

double AverageBarLen(int ParamPer) {

   return(iMA(NULL,PERIOD_D1,ParamPer,0,MODE_SMA,PRICE_HIGH,1)-iMA(NULL,PERIOD_D1,ParamPer,0,MODE_SMA,PRICE_LOW,1));

}

The parameter is the number of lookback periods.

 
Try this
double AverageDailyRange(int length, int iStart=0){
    return( AverageRange(PERIOD_D1, length, iStart) ); }
double AverageRange(int TF, int length, int iStart=0){
    int nBars   = iBars(NULL, TF),
        iLimit  = iStart + length;  if (iLimit > nBars) iLimit = nBars;
    double  sum=0;
    for(int iPos = iStart; iPos < iLimit; iPos++){
        double  H = iHigh(NULL, TF, iPos),
                L =  iLow(NULL, TF, iPos);
        sum += H-L;
    }
    return( sum/(iLimit-iStart) );
}
Not compiled, not tested.
[Deleted]  

thank you for your indi!

can u program it to choose the opening hour?

Thanks!

TheGreedyPig:

I took some code from Forum on www.ForexFactory.com and cleaned it up a bit.

 
coconu:
can u program it to choose the opening hour?
  1. Yes I can, can you?
  2. No Slaves here, learn to code or pay someone. We're not going to code it FOR you. We are willing to HELP you.
[Deleted]  

no intention to offend or to be disrespectful! i'm not lazy nor looking for a slave.

just looking for an answer to my problem.

Thank you!

 
  1. Same request: (MQL4) How to find average daily move in PIPS only between 10:00 and 18:00 in the past year only? - MQL4 forum
  2. not lazy nor looking for a slave.
    Did you post your code? No. Did you offer to pay? No. You want someone to code it for you, for free - definition of a slave.
  3. No Slaves here, learn to code or pay someone. We're not going to code it FOR you. We are willing to HELP you.
  
double ADR(int length, int iStart=1){
    
    return( AverageRange(PERIOD_D1, length, iStart) ); 
}
//////////////////////////////////////////////////////////////////////
double AverageRange(int TF, int length, int iStart){

    int nBars   = iBars(NULL, TF),
        iLimit  = iStart + length;  if (iLimit > nBars) iLimit = nBars;

    double  sum=0; 
    for(int iPos = iStart; iPos < iLimit; iPos++){
      if (TimeDayOfWeek(iTime(NULL,TF,iPos))!=0){ 
        double  H = iHigh(NULL, TF, iPos),
                L =  iLow(NULL, TF, iPos);
                print("high - low " + DoubleToString(H-L));
        sum += H-L;
      }
     else {
     iLimit ++;
     iStart ++;
     }
    }
    
    return( (sum/(iLimit-iStart))/pip );
};
////////////////////////////////////////////////////////////////////
double CurrentDayRange(int TF){

   double  H = iHigh(NULL, TF, 0),
           L =  iLow(NULL, TF, 0);
   
   return((H-L)/pip);
};

Not quite what you guys were looking for but I thought I would share my code that excludes Sundays that some have been looking for. This can be easily edited to add time but it's not something that I am currently interested in.

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