Daily Range Calculator
- Indicators
-
TPS Akademie UG
The TPS Academy is an educational platform in the field of forex trading that provides ambitious traders with practical, actionable strategies and tools. Our focus is on comprehensible, structured training—from forex beginners to advanced professionals. - Version: 1.10
This indicator calculates the average trading range (Daily Range) of the current symbol over a custom period and displays the essential data directly as a comment on your chart.
Key Features:
-
Custom Lookback Period: Choose exactly how many days (e.g. 50 days) you want to include in the average range calculation.
-
Real-Time Analysis: Calculates the daily spread (High - Low) and provides a precise average value instantly.
-
Clean Design: No cluttered charts! Information is displayed discreetly and clearly as a chart comment.
-
Resource Efficient: Highly optimized MQL5 code that won’t slow down your trading platform.
