Advanced ADR/AWR/AMR indicator created for Traders Reality community, as well as the greater trading community. Thanks to the TR community discord guys: infernix, peshocore and xtech5192
Everything is modular and can be turned on/off, including a customisable table showing daily/weekly/monthly average pips/dollars.
If you just want the average daily range lines for example, you can just disable everything else. You can choose how many days to look back; as well as for weeks or months.
Check out Traders Reality on YouTube if you want to see this implemented as part of Tino's strategy that utilizes market manipulation, imbalances, times of day etc.
Price regularly reverses from ADR, making it one of the few highly valuable indicators in price action/smart money trading.
Apologies for the late response, I didn't get notified. Hopefully you've found a solution to your problem by now anyway?
sibeiho
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I been looking for something like this for the longest time. Truly Amazing. Thank you so much to you ppl who created it. I know I am being greedy asking this, but would it be possible to show on the top right with the percentage move of the ADR, AWR, AMR?
Smart-Moneydottrade
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hello, is it possible to use 2D high/low value instead of high/low for adr_high() function? I am trying differnet ideas with this ADR code so i tried myself but had no success, if you could help me will be thankful to you.
SmartMoneyConceptsOnYouTube
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*Note* ICT uses a 5 day look back period, but default period is 14 days, which is what Traders Reality uses - and I've also been using 14 days for two years. 14 days and 5 days both have their pros and cons, so I don't think there is a right answer, which means it comes down to personal preference. Don't use 5 days just because ICT uses it.
The indicator will also dynamically move the ADR lines throughout the day unless you tick "use Daily Open calc." option. I do not tick/change it. The indicator is incredibly clever and whoever coded that part knows what they're doing so I suggest letting it automatically update the lines as price moves further in one direction.
The indicator is coded to dynamically adjust the lines something like this: if price moves down during the day, it will subtract the number of pips moved down from the total expected average pip range for the day, moving the "ADR-hi" line that many of pips lower.
memox
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@SmartMoneyConceptsOnYouTube, look for to try this week. thanks for sharing even it was just a modification of another one.