ADR = Average Daily Range

Discussion in 'MT4 / MT5 Tools & Indicators' started by erebus, Apr 13, 2015.

  1. erebus

    erebus TFG Forum Legend

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    There are many available, I like this one best because the HIGH and LOW are dynamic, that is, they adjust as the day's price action unfolds

    You have to watch it in work to understand better

    PS: I'll have to load it later - file extension not allowed, sorry
     
  2. erebus

    erebus TFG Forum Legend

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    Monday, April 13, 2015

    Here is the chart of AUD-USD showing the price action thus far, well into London session. You can see the market times on the chart, major move was made down during Asian session, hits the ADR - I use 10 for most recent volatility - bounced 38.2% - goes back down past the ADR - comes back to re-test that line exactly !!!!

    Now, where it ends the day, I don't know yet, but I do know I see this pattern repeating many times, of course, not every day, but often enough to recognize it happening

    Cannot post the ADR indicator yet, ask me in the forum for it, regards, John

    13-04-2015 9-11-57 PM.png
     
  3. erebus

    erebus TFG Forum Legend

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    By popular demand, ADR attached, just a readout

    2016-10-14_17-13-14.png
     

    Attached Files:

  4. javifx

    javifx Regular Member

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    thanks erebus
     
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  5. Swe60

    Swe60 Forum Newbie

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    Cool, thank you!
     
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