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Orion Average Range

Theoretical Foundation

 

Similar to the well-known Average True Range (ATR), the Average Range indicator is a volatility measure that is calculated using only the range of the bars (high – low), not considering the Gaps, as with the ATR.

The Average Range can be very useful for day traders as it allows one to get the measure of the volatility of the last N bars.

Parameters

 

You can select the calculation period of the indicator.


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Orion Telegram Notifier Bot
Joao Paulo Botelho Silva
Orion Telegram Notifier Bot  allows the trader to receive trade notifications in his Telegram whenever a position is opened or closed. The EA sends notifications showing the Symbol, Magic Number, Direction, Lot (Volume), Entry Price, Exit Price, Take Profit, Stop-Loss and Profit of the position. How to setup Orion Telegram Notifier? Open Telegram and Search for “BotFather” Click or Type “/newbot” Create a nickname and username (Example: nickname: MT5trades   - username: MT5TelegramBot) *The us
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