ADR

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

Thank you all
 
Sergey Golubev:


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

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


 
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.

 
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.
 

I Use:

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

 
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.

 
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.

 

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

 
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

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