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I wrote this indicator to plot the average daily range split by the daily open price... problem I'm having is getting it to correctly plot the a.d.r. correctly over less than daily time period charts. It will plot half the daily range above the daily open and half below the daily open on a daily chart, but not on 4hr, 1hr, 30m, 15m, 5m or 1m charts. Perhaps someone with more indicator skills can add to the code to get it to correctly plot?
__________________ "You should not have a favourite weapon. To become over-familiar with one weapon is as much a fault as not knowing it sufficiently well. You should not copy others, but use weapons which you can handle properly. It is bad for commanders and troopers to have likes and dislikes. These are things you must learn thoroughly." Miyamoto Musashi
The attached will plot the period's average price range split by the Period's bar open price on any time period...
__________________ "You should not have a favourite weapon. To become over-familiar with one weapon is as much a fault as not knowing it sufficiently well. You should not copy others, but use weapons which you can handle properly. It is bad for commanders and troopers to have likes and dislikes. These are things you must learn thoroughly." Miyamoto Musashi
The (TSR) indicator on the FXiGor DYNAMIC Breakout system on the Daily Average does just what you want the default loads 50% of the DAR above and below the Daily Open and the average % is also adjustable
Average Daily Range
Linear Mode
