ADR

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Alecxander
52
Alecxander  
Hello everyone.
I would like to know if there is an ADR free indicator for MT5.

Thank you all
Sergey Golubev
Moderator
106126
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Average Daily Range Indicator

Vladimir Karputov, 2015.03.24 04:08

You can use the search on the site. Or first, draw a picture. Then start writing the indicator.

Alecxander
52
Alecxander  
Sergey Golubev:


Unfortunately it is not a link to the indicator, but a request like mine

Marco vd Heijden
Moderator
8178
Marco vd Heijden  

Hello please use the search function and search parameter codebase.

You can use ATR on D1

See: https://www.mql5.com/en/search#!keyword=ATR&module=mql5_module_codebase


whroeder1
17942
whroeder1  
Alecxander: I would like to know if there is an ADR free indicator for MT5.

ADR is ATR on the D1. Search for MTF ATR.

Alain Verleyen
36131
Alain Verleyen  
Marco vd Heijden:

Hello please use the search function and search parameter codebase.

You can use ATR on D1

See: https://www.mql5.com/en/search#!keyword=ATR&module=mql5_module_codebase


whroeder1:

ADR is ATR on the D1. Search for MTF ATR.

That would be an approximation, ATR is not using the same formula as ADR.
Marco vd Heijden
Moderator
8178
Marco vd Heijden  

I Use:

TR= Current True Range, True Range = Maximum(H - L,H - PDC, PDC - L) Where PDC=Pervious Day Close.

Alain Verleyen
36131
Alain Verleyen  
Marco vd Heijden:

I Use:

TR= Current True Range, True Range = Maximum(H - L,H - PDC, PDC - L) Where PDC=Pervious Day Close.

Exactly. And DR is just H-L.

By the way I didn't find any MT5 version in the codebase.

Marco vd Heijden
Moderator
8178
Marco vd Heijden  
Alain Verleyen:

Exactly. And DR is just H-L.

By the way I didn't find any MT5 version in the codebase.

Yes i have seen people use both but i always use the 'extended' version.

I am still not on MT5 so i dont know about codebase but i also didn't look for MT4 since i just wrote it up from scratch.

Alecxander
52
Alecxander  

Thanks at all... Now I use ATR set in D1.. 

moneyfoundbymichael
34
moneyfoundbymichael  
Alecxander:

Thanks at all... Now I use ATR set in D1.. 

Yeah...but wouldn't it be nice to have an average ADR for the last 14 days?


m

12
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