Duchesne ADR Meter
- Indicadores
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Eliott Noah Duchesne
MQL5 and Pine Script developer based in France. I turn your trading rules into clean, commented and tested tools.
What I build
- MT5 Expert Advisors: entries and exits, risk-based lot size, time filters, trailing stop, prop firm risk rules
- MT5 indicators with alerts and dashboards - Versão: 1.0
Duchesne ADR Meter measures the average daily range (ADR) and shows how much of it the current day has already covered.
Main features
- ADR over the number of days you choose (14 by default, today excluded)
- Projected high of the day: today's low + ADR
- Projected low of the day: today's high - ADR
- Panel: ADR, today's range and its share of the ADR, range left
- Distances in pips on 3 and 5 digit symbols, in points on the others
- Optional alert when the day reaches a share of the ADR (100% by default)
How it works
The indicator averages the high - low range of the previous days and compares it with the range of the current day. The projected levels move while the day makes new highs or lows.
Inputs
- Days in the average, lines, panel, panel corner
- Alert level (%), popup alert, push notification
- Colors
This indicator is an analysis tool. It does not open trades and does not give trading signals.
