OPEN-SOURCE SCRIPT
Actualizado ADR
**Overview**
This indicator displays the **Average Daily Range (ADR)** and **ADR Percentage** in a customizable table on your chart.
While the standard ATR (Average True Range) is a popular metric for volatility, it accounts for price gaps (e.g., overnight moves). **ADR**, on the other hand, strictly measures the average distance between the **High** and **Low** of price bars, completely ignoring gaps.
**Why use ADR instead of ATR?**
* **Day Trading:** For intraday traders (Forex, Crypto, Futures), ADR is often preferred because it calculates the "tradable" range of the day. It answers the question: *"On average, how much does this asset move from High to Low?"*
* **Target Setting:** ADR is excellent for projecting daily highs and lows. If price has already moved 100% of its ADR, the statistical probability of further extension decreases.
* **Pure Volatility:** It filters out the noise of overnight gaps to show pure intraday volatility.
**Calculation Logic**
* **ADR:** Calculated using a Simple Moving Average (SMA) of the `High - Low` range over the specified length.
* Formula: `SMA(High - Low, Length)`
* **ADR%:** Shows the ADR relative to the current price.
* Formula: `(ADR / Current Close) * 100`
**Features**
* **Clean Dashboard:** A minimalist table displays the ADR value and the ADR %.
* **Customizable:** You can change the calculation length (default is 14) and move the table to any corner of the chart (Top/Bottom, Left/Right) to fit your workspace.
**Settings**
* **ADR Length:** The lookback period for the average (Default: 14).
* **Display Position:** Choose where the table appears on your screen.
This indicator displays the **Average Daily Range (ADR)** and **ADR Percentage** in a customizable table on your chart.
While the standard ATR (Average True Range) is a popular metric for volatility, it accounts for price gaps (e.g., overnight moves). **ADR**, on the other hand, strictly measures the average distance between the **High** and **Low** of price bars, completely ignoring gaps.
**Why use ADR instead of ATR?**
* **Day Trading:** For intraday traders (Forex, Crypto, Futures), ADR is often preferred because it calculates the "tradable" range of the day. It answers the question: *"On average, how much does this asset move from High to Low?"*
* **Target Setting:** ADR is excellent for projecting daily highs and lows. If price has already moved 100% of its ADR, the statistical probability of further extension decreases.
* **Pure Volatility:** It filters out the noise of overnight gaps to show pure intraday volatility.
**Calculation Logic**
* **ADR:** Calculated using a Simple Moving Average (SMA) of the `High - Low` range over the specified length.
* Formula: `SMA(High - Low, Length)`
* **ADR%:** Shows the ADR relative to the current price.
* Formula: `(ADR / Current Close) * 100`
**Features**
* **Clean Dashboard:** A minimalist table displays the ADR value and the ADR %.
* **Customizable:** You can change the calculation length (default is 14) and move the table to any corner of the chart (Top/Bottom, Left/Right) to fit your workspace.
**Settings**
* **ADR Length:** The lookback period for the average (Default: 14).
* **Display Position:** Choose where the table appears on your screen.
Notas de prensa
Update the syntax to version 6Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.