Average Daily Range ADR by th

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Special for Amer and ATR testing and some text for description which I will add a little bit later because beatiful tv can't pass my indicator to be published

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Sürüm Notları

# Average Daily Range High Low v5 - ADR HiLo v5

## 📊 Indicator Overview

**ADR HiLo v5** is a powerful indicator for analyzing Average Daily Range that helps traders identify potential support and resistance levels based on historical volatility data.

## 🎯 Key Features

### 📈 ADR Visualization
- **Upper ADR Level** (🟢) - potential target for long positions
- **Lower ADR Level** (🔴) - potential target for short positions
- Display for last N days (configurable from 1 to 100)

### 📊 ADR Percentage Levels
The indicator shows additional ADR levels with color coding:
- **50-100%**: 🟢 Green/🔴 Red (standard levels)
- **101-150%**: 🟡 Yellow/🟣 Purple (extended levels)
- **151-200%**: 🟠 Orange/🟤 Brown (extreme levels)

### 📋 Statistics Table
Shows detailed statistics for each level hit rate:
- Number of days bullish levels were reached
- Number of days bearish levels were reached
- Overall success percentage for each level
- Number of analyzed days

## ⚙️ Settings

### 🔧 Core Parameters
- **ADR Length**: Period for calculating average range (default 14)
- **Show ADR for last N days**: Number of days to display (1-100)
- **Display as forex pips**: Show range in pips for forex pairs

### 🎨 Visual Settings
- **ADR Bull/Bear Colors**: Colors for bullish/bearish levels
- **Show ADR percentage levels**: Enable/disable percentage levels
- **Percentage levels**: Customizable levels (default: 50,60,70,80,90,100,150,200)

### 📊 Statistics
- **Show statistics table**: Enable/disable statistics table
- **Statistics position**: Table position on chart

## 🎯 How to Use

### 📈 For Trading
1. **Long positions**: Look for entry points near lower ADR levels with targets at upper levels
2. **Short positions**: Look for entry points near upper ADR levels with targets at lower levels
3. **Risk management**: Use statistics to assess probability of reaching levels

### 📊 Volatility Analysis
- High percentages of 100%+ level hits indicate high volatility
- Low percentages of basic level hits may signal changing market conditions

## 🔍 Features

### ✅ Advantages
- Automatic calculation of optimal levels based on historical data
- Detailed statistics for each level
- Color coding for easy recognition of level importance
- Forex pips support for currency pairs
- Customizable parameters for different trading styles

### 🎯 Suitable for
- Intraday trading
- Scalping
- Swing trading
- Market volatility analysis

## 📝 Notes

- Indicator designed for timeframes from 1 minute to 4 hours
- Best results on active markets with high liquidity
- Recommended to use in combination with other technical analysis methods

## 🔄 Version 5

This version includes:
- Enhanced statistics with detailed analysis
- Extended percentage levels up to 200%
- Optimized performance
- Better visualization with emojis and color coding

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*This indicator is created to help traders identify potential support/resistance levels based on average daily range. Use at your own risk.*

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Sürüm Notları

Overview:
This indicator visualizes the Average Daily Range (ADR) for any market—optimized for Forex but useful across all symbols. It provides powerful range and volatility insights for the last N days, including percent-level ADR extensions, auto-stats, and clean visual labels.

Key Features:
Custom ADR Period:
Choose the length (default: 14 days) for your ADR calculation, adapting to your trading style.

ADR Levels & Labels:
Plots daily ADR high/low levels above and below each daily open. Each range is clearly marked with price and pip values for rapid decision-making.

Percentage Extensions:
See instantly where price extends to key ADR percentage levels (configurable, default: 50%, 60%, 70%, 80%, 90%, 100%, 150%, 200%), with color-coded lines and emoji labels for visual clarity.

Forex Pip Display:
Optionally view ADR and level distances in Forex pips for easier FX trading analysis.

Statistical Table:
Built-in stats table shows the number and rate of "hits" for each ADR percent extension, both bullish and bearish, so you can spot historical breakouts and overextensions at a glance.

Customizable Look & Feel:
Set colors for bull/bear ranges, move the stats table to any corner, and select how many days back you want to visualize—all from the settings panel.

How to Use:
Apply to Any Chart/TF:
Works best on intraday charts (15m, 30m, 1h) but can be used on any timeframe for context.

Levels and Entries:
Use the plotted ADR and percent levels as dynamic support/resistance, mean reversion, or breakout targets. The pip and price readouts simplify position sizing and risk management.

Range Expansion Awareness:
Spot overextended days or probable exhaustion points using the colored levels and historical statistics.

Who Is This For?
Day Traders & Scalpers:
Instantly know how much the market has moved vs. normal, and when it's statistically stretched.

Swing & Range Traders:
Identify prime reversal or fade zones based on historic range probabilities.

FX Traders:
Built-in pip mode and fine-tuned for Forex pairs.

Tips:

• The indicator auto-cleans previous drawings/labels for a tidy chart.
  
• You can fully adjust which ADR percentage levels are shown in the settings.
  
• The statistics table gives you real quantitative edge, not just visual cues.