Median Daily Range
Median Daily Range is a NO REPAINTING INDICATOR, that calculate median range and draw lines, one line above and below every day, this represents the daily possible movement. If the price crosses this line then we are in a situation where the price is moving more than it should.
The blue writing indicates the average movement, of the current day, that the price could make.
Indicator draw line from M1 to H4 TimeFrame. On daily line are no visible.
Indicator works on all currencies and indices.
If when load indicator are presents only one line and no one line above and below for each day, don't worry. The problem is due to the fact that the graph on D1 is not loaded. Therefore go to graph D1 and then go back to your desired timeframe.
Indicator Inputs:- number of days considered for the calculation of the average range.
first 10 copies at $ 30.