Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
i hope to be able to input Average Daily Range of how many daily candle..
like 5 or 20 etc
That can be done if you tell me how should Average Daily Range be calculated.
I made an indicator that plots lines on the chart, 5 lines in total:
middle yellow line is the open of the day
higher blue lines are open+adr/2 and open+adr
lower pink and red lines are open-adr/2 and open-adr
You'll need the original Average Daily Range v1.0 (can be found in the thread) in the indicators folder for this indicator to work.
Hope this helps.
PS: the only parameter doesn't change anything, I simply forgot to remove it.
Do you want to use ADR indicator for average daily range?
I'm coding
Quote:
Originally Posted by Shinigami
That can be done if you tell me how should Average Daily Range be calculated.
I made an indicator that plots lines on the chart, 5 lines in total:
middle yellow line is the open of the day
higher blue lines are open+adr/2 and open+adr
lower pink and red lines are open-adr/2 and open-adr
You'll need the original Average Daily Range v1.0 (can be found in the thread) in the indicators folder for this indicator to work.
Hope this helps.
u r very helpful can u make another one based on the ADR of X ( for example 5)
= (X1+X2+X3+X4+X5) /5
ie, simple average daily range
Last edited by trading801; 04-28-2009 at 04:14 PM.
u r very helpful can u make another one based on the ADR of X ( for example 5)
= (X1+X2+X3+X4+X5) /5
ie, simple average daily range
You want smoothed ADR? What are X1...X5 values? ADR of 1 day ago, ADR of 2 days ago, ADR of 3 days ago ect?
I made another version with variable number of days for average daily range calculation (high minus low of a number of days divided by the number of days). Please test before use!
You want smoothed ADR? What are X1...X5 values? ADR of 1 day ago, ADR of 2 days ago, ADR of 3 days ago ect?
I made another version with variable number of days for average daily range calculation (high minus low of a number of days divided by the number of days). Please test before use!
Linear Mode
