Daily Range Meter

Daily Range Meter shows three things in one small panel:

  • Today: today's high to low range.
  • Daily ATR: the average true range of the completed days before today.
  • Percent used: today's range as a percent of the daily ATR, as a number and a bar.

The bar stops at 100%. The number keeps counting, so a day above its average shows, for example, 130% used.

The values come from daily bars, so they are the same on every chart timeframe.

The panel picks its colours for a dark or light chart background and scales with your Windows display setting.

Settings

Input Default Notes
Daily ATR period 14 1 to 100
Panel corner Left upper Any of the 4 corners
Panel margin, pixels 12

Good to know

  • It is an indicator. It does not trade and gives no signals or advice.
  • Today's range changes during the day. Past days do not change.
  • The panel shows "waiting" until enough daily bars have loaded.
  • Removing the indicator removes the panel.

What was tested

All tests ran on one demo server, on MetaTrader 5 build 6304.

  • Strategy Tester in visual mode on XAUUSD, EURUSD and US500, M15, with 0 error lines.
  • Today's range and the daily ATR matched a separate calculation on 2 days on XAUUSD.
  • The panel fits its box in all 4 corners, on dark and light charts, at 100% and 150% Windows scaling.

What was not tested

  • 200% Windows scaling. It is expected to fit, but that is unverified.
  • Other brokers. Only one demo server was used.
  • A real closed market. This was not tested.

One open point: in one test removal at 150% scaling, the panel objects were still on the chart 2.5 seconds later. Later removals left nothing behind. The cause is not known.

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News Blackout for MT5 reads the economic calendar that is built into MetaTrader 5 and keeps a blackout window around the news you choose. During a blackout it can delete pending orders, close positions or move their stop loss to break even, and it sets a terminal global variable that your other Expert Advisors can read to skip new trades. A panel shows the countdown to the next blackout and the next events. It never opens trades and gives no signals. It is useful when your own rules, or your acc
Myrto marks the overnight price range and places stop orders on both sides of it. It was designed for XAUUSD on M15. Every trade has a stop loss, and open trades are closed at a set hour each day. What it does Myrto measures the high and low of a daily time window, 00:00 to 07:00 server time by default. After the window ends, it places a buy stop above the range and a sell stop below it. When one order fills, the other is cancelled. The stop loss sits on the opposite side of the range and the ta
Session and previous day levels from closed bars, with one break alert and one retest alert per level. No repaint. What it does Session Retest Levels draws the high and low of the Asian, London and New York sessions and of the previous day. It tells you when a closed bar breaks a level, and when price comes back to that level and holds on the break side. It is an indicator. It does not trade, and it gives no signals or advice. No repaint A level appears only after its session has closed. Its pri
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