Dipak___Z

Average Daily Range

It made Easier Trading for day trader
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I see 4 lines on your study, so are those a copy of the first?
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Dipak___Z syracusepro
@syracusepro, I mistakenly Applied it twice before publishing else two lines are Valid only
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ADR is a range where the price movement information can be traced , its useful for all time frame , only thing is if you use it as 5 for day charts its 5 days , but if you use it for 15 mints as 5 period it will be 15 mints of 5 sessions only ,
one can look for price movement , but use of this will improve when used along with Candlestick analysis
Cheers
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What instrument and what time frame? Thanks.
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Dipak___Z syracusepro
@syracusepro, This is you can use to determine Average Daily Range, It's a useful Indicator can use on smaller time frames below Daily Time Frame.

Use of it as If price remains In Between the lines only
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syracusepro Dipak___Z
@Dipak___Z, This has become a very nice indicator. In the way I am using it, is to find potential trend reversals.
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Dipak___Z syracusepro
@syracusepro, yeah Very Awesome Indicator this is and my favourite too !!
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