Average Range Indicator

[Apprentice]

This indicator shows the average value of high / low range, severally,
for the period considered, also, shows an average value for of all time frames, collectively.

Average Daily Range Indicator.lua

(5.69 KiB) Downloaded 2163 times

Average Daily Range Chart Time Frame Oscillator.lua

(2.68 KiB) Downloaded 358 times

[Jeffreyvnlk]

Average Daily Range Indicator.png

This indicator shows the average value of high / low range, severally,
for the period considered, also, shows an average value for of all time frames, collectively.

Average Daily Range Indicator.lua

Can give the option that excluding today range ?

[Apprentice]

Exclude Active Candle Option Added.

[7510109079]

not sure if you can reproduce this but if i change the font size smaller, the font size stays the same but just the spacing gets smaller so the text gets crowded but the actual font size stays the same.

Can you have a quick look, thx

[7510109079]

some images to explain what i see...
font size seems to change line spacing rather than font size
thx

[Apprentice]

Updated.

[7510109079]

Excellent, many thx

[Bebbspoke]

The indicator is an Average Range Indicator - but the lua implies it is an Average DAILY Range; -
Sure - it is if one uses daily candles but in reality this indicator gives the Average Range for whatever candle timeframe is active.
Much as an average candle range is a quite useful indicator - this is NOT the ADR indicator as requested some few months back elsewhere in this forum.
Please can we have an indicator that displays; -
a/ the ADR for the previous 20 days
& b/ the price range for the current day
These actual values to display regardless of selected candle timeframe.
Such an idicator is available in MT4
Thank you

[Bebbspoke]

The indicator is an Average Range Indicator - but the lua implies it is an Average DAILY Range; -
Sure - it is if one uses daily candles but in reality this indicator gives the Average Range for whatever candle timeframe is active.
Much as an average candle range is a quite useful indicator - this is NOT the ADR indicator as requested some few months back elsewhere in this forum.
Please can we have an indicator that displays; -
a/ the ADR for the previous 20 days
& b/ the price range for the current day
These actual values to display regardless of selected candle timeframe.
Such an idicator is available in MT4
Thank you

[7510109079]

Just set the Datasource period to 'D1' and it will give you daily (22h-22h GMT.) pip movements regardless of what TF your chart is set to.

Set Exclude active candle to 'No' and set the '1.Period' to 1 and that will give you current day's range

Set '2.Period' to 20 and you have your 20 day range

Its all there