ADR Projection

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Re: ADR Projection

Postby Apprentice » Thu Jun 03, 2021 2:00 pm

ADR_Projection.mq4
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ADR_Projection.mq5
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Re: ADR Projection

Postby optionhk » Thu Aug 12, 2021 10:22 pm

Thank you very much.
Kindly put up MT5 version which can be used for futures trading.
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Re: ADR Projection

Postby Apprentice » Fri Aug 13, 2021 7:58 am

Your request is added to the development list.
Development reference 743.
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Re: ADR Projection

Postby optionhk » Sat Aug 14, 2021 11:34 pm

Apprentice wrote:
ADR_Projection.mq4

Try this version.

It is working well.
1. I am a novice of coding. Can't even understand mql.
so excuse this 72 year old man for asking noob questions.

DR or daily range text appears along with ADR? How is DR calculated?

2. Can volumes be averaged like daily range formula and included in this MTF indicator to show
two horizontal bands of volumes along with Fibo values.

Thank you.
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Re: ADR Projection

Postby Apprentice » Sun Aug 15, 2021 4:40 am

Your request is added to the development list.
Development reference 747.
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Re: ADR Projection

Postby Apprentice » Thu Aug 19, 2021 12:45 pm

ADR_Projection.mq4 added.
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Re: ADR Projection

Postby optionhk » Sat Aug 21, 2021 9:43 am

Thank you very much.

Now the last part of having a projection instead of using ADR or ATR to have Average Daily Volume (ADV) projected similarly as having two lines based on Average Daily Volume imprinted on the Fibo scale as is done now.

The ADR/ATR indicator will not be used when the average daily volume projection is used.
Maybe a separate indicator on the same format solely for average daily volume.
Or have an option to have it in the existing indicator. Whatever you think can be implemented.

In any case, a projection like this can be used for one indicator only. Please find attached an indicator that supplies daily average volumes data for 30 days as well as TF data on a dynamic moving line comparing volume for the current candle with the previous candle in % change.
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Informator2.mq4
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Re: ADR Projection

Postby Apprentice » Tue Aug 24, 2021 3:15 am

1. DR is calculated as High-low
2. I don't understand understand what formula you need
As average od daily volume?
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Re: ADR Projection

Postby optionhk » Tue Aug 24, 2021 10:03 am

Ok.

Can technically the Volume Average of 30 days be divided into half (50%) or a median line and linked with the Current open first tick volume as the first addition or subtraction Green (Plus to 50%) or Red (minus to -50) and projection of a dynamic band be developed on the lines of ADR/ATR projection.

Or use 30 day average volume as a grid with user defined xxxxx (example: 1000 volume as the grid marker divided into 8 horizontal grid above the open of the current tick volume and another 8 below . total 16 grid lines.

Fibo is optional for this indicator.
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