ADR

4 giờ trước

**Overview**
This indicator displays the **Average Daily Range (ADR)** and **ADR Percentage** in a customizable table on your chart.

While the standard ATR (Average True Range) is a popular metric for volatility, it accounts for price gaps (e.g., overnight moves). **ADR**, on the other hand, strictly measures the average distance between the **High** and **Low** of price bars, completely ignoring gaps.

**Why use ADR instead of ATR?**

* **Day Trading:** For intraday traders (Forex, Crypto, Futures), ADR is often preferred because it calculates the "tradable" range of the day. It answers the question: *"On average, how much does this asset move from High to Low?"*
* **Target Setting:** ADR is excellent for projecting daily highs and lows. If price has already moved 100% of its ADR, the statistical probability of further extension decreases.
* **Pure Volatility:** It filters out the noise of overnight gaps to show pure intraday volatility.

**Calculation Logic**

* **ADR:** Calculated using a Simple Moving Average (SMA) of the `High - Low` range over the specified length.
* Formula: `SMA(High - Low, Length)`


* **ADR%:** Shows the ADR relative to the current price.
* Formula: `(ADR / Current Close) * 100`



**Features**

* **Clean Dashboard:** A minimalist table displays the ADR value and the ADR %.
* **Customizable:** You can change the calculation length (default is 14) and move the table to any corner of the chart (Top/Bottom, Left/Right) to fit your workspace.

**Settings**

* **ADR Length:** The lookback period for the average (Default: 14).
* **Display Position:** Choose where the table appears on your screen.

4 giờ trước

Phát hành các Ghi chú

Update the syntax to version 6