The Average Daily Range is a simple concept, calculated as the difference between daily highs and lows averaged over some period. This range is is overlaid and centered on the day's open, and tends to act as areas of support and resistance . This indicator provides two aggregation periods, creating a range that represents volatility in the ADR; a wider spread indicates greater recent volatility , and vice-versa.
Thanks to hank Hill for the original idea and ToS script this is based on, and TV for the feedback and support on the use of the security() function.
Sürüm Notları
Added a toggle to display the ADR on today's session only.
Sürüm Notları
Added toggleable standard deviation levels.
Sürüm Notları
Fixed a type in the settings menu.
Sürüm Notları
Cleaned up some inputs, improved visibility of base ADR levels, and added more customization for visibility.
Added a Custom Timeframe option (changes the "Daily" part of "Average Daily Range").
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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Aynı zamanda::
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.