AI Average Daily Range Levels
- Indicatori
- Versione: 1.0
Know how far the market usually travels in a day and where today's range is likely to end.
How it works
The indicator averages the daily range of the last N completed days (14 by default).
For every day it projects the ADR high target (day low plus ADR) and the ADR low target (day high minus ADR) as the day develops, plus the daily open line.
A small panel shows the ADR in pips, today's range and the percentage of ADR already used, with an optional alert.
Key features
- ADR high and low targets updated live
- Daily open line
- Panel with ADR, today's range and percent used
- Alert when the daily range reaches a chosen percent
- Buffers for EA use: 0 ADR high, 1 ADR low, 2 day open
Recommended
Any symbol on timeframes below D1.
Inputs
ADR days, open line, days of history, panel settings and alert options.
Risk note
Signals are not a guarantee of future results. Use them together with your own analysis and risk management.
