ATR & ADR On Chart Levels for MT4 (Multi-timeframe)sylvester21 wrote: Wed Jul 03, 2024 7:54 pm Hi MrTools and Kvak,
Is it possible to do this for ADR (Average Daily Range) instead of ATR? With on off buttons and only for the Daily Time Frame.
According to the works of Daryl Guppy, there's an 85% probability for an FX Pair to hit 75% of its 5-day ADR value.
With this indicator i think it will be good for traders to have a visualization on current day of trading for the amount of pips expected to move.
Thanks
Hello,
Made it an option to choose average true range or average daily range, the default settings are for daily time frame but left it to be a choice. Hope that will work.
