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What is Daily Range???

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yyc196
507
yyc196  

Hi,

I always come across the term Daily Range. From what I understood, daily range is the range starting from the daily open to the daily low or daily high.

Am I right???

Thanks for reading this thread.

All comments are welcome.

Glenn
87
Glenn  

The Daily range is the high/low of the previous day.....

Glenn

Macbel
5
Macbel  

It´s my first time in this forum

spotbabe
108
spotbabe  

As what i've learned from my studies, when you say Daily Range, it's the difference between the high and low price in one trading day.

pro_atro
452
pro_atro  

Yes, high/low of previous day.

FoReXExPeRt
421
FoReXExPeRt  

I'll enhance what others have told you..Daily range is the highest/lowest and the difference from the previous day. It helps you in understanding which currency pair is high liquid.

But when considering daily range, be consistent in considering the opening and closing time.Some people use London open-close today and US open-close after few days. That will not give true picture.

bbyeve
3
bbyeve  

hi evry1 im new here n hope to find sumthin bter dat could help me to improve my forex trading...anyway nice n wonderful site...

ttimpain
5
ttimpain  

The daily series is the largest / smallest, and the difference with previous day. It will help you understand what is the currency pair is a medium to high. But when you take into account a variety of every day, in line with the opening and closing time.Some people using on-off in London today and the U.S. Open-close after a few days. It does not give an accurate picture.

Bank_Trader-3000
3
Bank_Trader-3000  

It's often referring to the average true range(ATR) indicator as well, used to see what the average daily range is, gives a more accurate reading than a simple high-low calculation.

philco
3
philco  

Hi, how is everyone ? i just joined forum today.

has anyone have a software where the daily range of the 4 major pairs of FX is auto computed ? this wud save me time to manually calculate the daily range of all the 4 major pairs. , everyday thks.

DaAggie
4
DaAggie  
Bank_Trader-3000:
It's often referring to the average true range(ATR) indicator as well, used to see what the average daily range is, gives a more accurate reading than a simple high-low calculation.

Hello all.. New to this forum..

Bank_Trader, I always thought ATR and ADR was the same thing.. Being the average High-Low range across a specified number of days.. 5, 10 or however many.. Can you tell me what the difference is between ATR and ADR??

Thanks

12
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