Hi,

Thank you for your message. I need time for thinking))

And you pay attantion to my Average Daily Range indicator - https://www.mql5.com/ru/market/product/5840#

Main idea - price move the same range (about same) day to day.

Yes Average Daily Range is my bible for trading. I only follow this as a trading strategy for more than 10 years now. MT4 has very good free indicators developed for 

Average Daily Range. I use them extensively. ADRmb uses same function like yours.  I calculate weekly and monthly range (open-close) and use them as mean reversion points. For every 6-8 weeks the trading zone shifts. Going down, up and down.

If you can develop some candle indicator based on weekly, fortnightly (starting on 1st of every month and ending on 15th of every month and second candle starting on 16th of every month)  monthly and quarterly zone, marking open-close and high-low as shades of the candles then anyone can see how many times the same position is hit repeatedly. 

Ok. I.e. you recalculate ADR tow times a month, isn,t that? I undestand right?

In my ADR indicator (not in market) I recalculate ADR every day starting (at open day bar ). And autooptimize the best days number for meaning - used minimal deviation error for optimizing.

So, I have at every day opening - range (and half range) for price moving with dinamical up and down limits (see my charts - bold lines).

You use 1/4 zone, too? It's interesting fact.

1. No. Average is calculated as per the standard indicators made for MT4 by at least 20 people. One of the indicators I use is ADRmb (attached) because it draws boundries.

All MT4 indicators use same formula for calculating ADR .180 days to 5 days range.

 2. If you can send me your two indicators Average Daily Indicator and Market Watch Panel , I can tell you if it's different from the ones already in the market and the ones I am using and compare on all pairs.

3. I will try to understand the methodology for your dynamic up and down limits and test them in real trading and find how effective it is than the present method of calculating averages. what is the basis of your optimising and which days you consider best days.

Are you telling me that Monday average will be compared with last few 52/36/18/9/5  Mondays.

Tuesday average will be compared with last few Tuesdays, etc. etc. or what?

If it's so, that this is worth exploring further the effectiveness of it.

4. Similarly do you have any formula/algorithm for calculating average for 1st trading day of the month, (that is average of 12 first trading day bars), the 2nd day of the month, etc. etc.

5. I will also explain you how I mark shifting trading zones based on weekly, fortnightly, monthly, quarterly averages so that we can estimate/predict what range can normally happen. The movements happen in random way but still there is a pattern to it. Attached is the picture of how the shifting is marked.

Normal trading zones last 4-5 weeks, then the 4-5 week zone shifts down or up (can't predict) , in random way. Abnormal short moves of big range like one which happened at the end of last year was to make currency options market active . Now spot fx is also hot as stock market has become stagnant.

Currency trading is controlled by 10 market makers. You already must have read about their manipulations. So we have to understand how they move and just try to catch a pattern to follow them, then we will make money by observing strict trading plan. 

Добрый!

Задавать можно все, что описано в описании. В том числе ТФ.