chris006 wrote: Thu Nov 16, 2023 2:26 am Hi Xard,
I think now I understand,
version 66 and prior follow the logic that you have posted here: viewtopic.php?p=1295440370#p1295440370
this is indeed the ADR (Average Daily Range)
versions 71 and 78 show the previous day range and the indicator calculates a + / - percentage of that range.
well , the indicator in versions 71 and 78 should not be named ADR, but PDR (Previous Day Range)
Is there a reason that you have made this change?
Do you consider versions 71 + 78 method more efficient in relation to the method used in versions 66 and prior?
Attachments forums
Re: XARD - Simple Trend Following Trading System
chris006, Fri Nov 17, 2023 8:03 am
Made a new statistics indicator, named it 'Previous Day Range Percent', a companion to version 71 and 78 ADR indi.