ADR

ADR (average daily range) is an indicator that counts the average price range of the preset number of previous days and displays it in the current day.

View of the indicator on the chart:

To add and customize this indicator, you need to open the Indicator Settings Window.

Drawing

ADR

Show zero values - display zero values.

Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.

Color -  choose color.

Visual type - visual setting of the indicator display on the graph:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting up the type of line display:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - set the thickness of the indicator line.

Misc

Calculation mode

  • Open session - indicator builds range from the price of the opening trading session, half up and half down.
  • Low session - indicator builds range up from the current day's low.
  • High session - indicator builds range down from the high of the current day.

Font size - set the size of the lettering font.

Period - choose the number of days to calculate the average price.

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