SD - Average Daily Range - Daily Weekly Monthly Yearly

19 nov. 2017

Average Daily Range ('ADR') Indicator for TradingView

This script is based on the "Best 'ADR' Indicator for MT4" described at fxdayjob.com/best-adr-indicator-mt4.

Inputs:

• Number of 'ADR' Back - Set the number of calendar days back to plot historical 'ADR'. The default value is 7.
  Non-trading days are not taken into account.
  A value of 7, for example, would display only 5 'ADR' for a 24x5 market.
  
• Number of 'AWR' Back - Set the number of calendar weeks back to plot historical 'AWR'. The default value is 0.
  
• Number of 'AMR' Back - Set the number of calendar months back to plot historical 'AMR'. The default value is 0.
  
• Number of 'AYR' Back - Set the number of calendar years back to plot historical 'AYR'. The default value is 0.
  
• 'ADR' Length parameter - Set the length parameter of 'ADR'. The default value is 1.
  
• 'WDR' Length parameter - Set the length parameter of 'AWR'. The default value is 1.
  
• 'MDR' Length parameter - Set the length parameter of 'AMR'. The default value is 1.
  
• 'YDR' Length parameter - Set the length parameter of 'AYR'. The default value is 1.
  

See also:

- fxdayjob.com/best-adr-indicator-mt4
- pivotboss.com/2012/07/05/find-the-best-real-time-targets/
- jarrattdavis.com/average-daily-range-2/

19 nov. 2017

Notes de version

Fix the incorrect ADR math which manifests when length parameter > 1. Thanks to @PierreAbdulahad for spotting and reporting it!