doesn't the good old ATR serve the purpose?
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Hi there,
Does anyone have an indicator that is similar to ADR, but it shows the average movement in pips? I mean the up down daily movement in pips?
For example if the ADM is 300 pips (and ADR is 100 pips), then you would have something on the corner of the screen saying "ADM - 300 (200 remaining)" It counts down the pips so you know the probabilities of how far can price go. Similar to ADR.
It could be the ADR with the up down price projection PLUS the remaining average daily up down movement counting down.
Don't know if such indicator exists.
Thanks