Daily Range Meter
- Индикаторы
-
Themistokli Kola
MQL4 / MQL5 and Pine Script developer.
What I do:
- Pine Script to MQL5 / MQL4 conversions (TradingView indicators and strategies into MT5/MT4 indicators or EAs)
- Fixes and changes to existing EAs and indicators: bugs, new inputs, filters, daily limits, breakeven and trailing logic - Версия: 1.0
Daily Range Meter shows three things in one small panel:
- Today: today's high to low range.
- Daily ATR: the average true range of the completed days before today.
- Percent used: today's range as a percent of the daily ATR, as a number and a bar.
The bar stops at 100%. The number keeps counting, so a day above its average shows, for example, 130% used.
The values come from daily bars, so they are the same on every chart timeframe.
The panel picks its colours for a dark or light chart background and scales with your Windows display setting.
Settings
| Input | Default | Notes |
|---|---|---|
| Daily ATR period | 14 | 1 to 100 |
| Panel corner | Left upper | Any of the 4 corners |
| Panel margin, pixels | 12 |
Good to know
- It is an indicator. It does not trade and gives no signals or advice.
- Today's range changes during the day. Past days do not change.
- The panel shows "waiting" until enough daily bars have loaded.
- Removing the indicator removes the panel.
What was tested
All tests ran on one demo server, on MetaTrader 5 build 6304.
- Strategy Tester in visual mode on XAUUSD, EURUSD and US500, M15, with 0 error lines.
- Today's range and the daily ATR matched a separate calculation on 2 days on XAUUSD.
- The panel fits its box in all 4 corners, on dark and light charts, at 100% and 150% Windows scaling.
What was not tested
- 200% Windows scaling. It is expected to fit, but that is unverified.
- Other brokers. Only one demo server was used.
- A real closed market. This was not tested.
One open point: in one test removal at 150% scaling, the panel objects were still on the chart 2.5 seconds later. Later removals left nothing behind. The cause is not known.
