Forum on trading, automated trading systems and testing trading strategies
Average Daily Range Indicator
Vladimir Karputov, 2015.03.24 04:08
Unfortunately it is not a link to the indicator, but a request like mine
Hello please use the search function and search parameter codebase.
You can use ATR on D1
ADR is ATR on the D1. Search for MTF ATR.
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.
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.
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?