FoxFoxicle wrote: Fri Mar 17, 2023 11:18 am The idea is something like that but instead of the plotting of the high and low swings, I need the plotting of the average range of previous candles, its like ADR plotted in H4 and H1 charts.

you r searching for the middle line of a mtf donchian channel
if im not wrong there are such tools in the forum with interpolation also

regards

Xronos__ wrote: Fri Mar 17, 2023 8:55 pm you r searching for the middle line of a mtf donchian channel
if im not wrong there are such tools in the forum with interpolation also

regards

I'll try what this donchian channel is.

If there is ADR or Average "Daily" Range

I was hoping to find the Average "H4" Range or Average "H1" Range

FoxFoxicle wrote: Fri Mar 17, 2023 9:03 pm I'll try what this donchian channel is.

If there is ADR or Average "Daily" Range

I was hoping to find the Average "H4" Range or Average "H1" Range

you set the time frame to D1 or H4 and hide the hilo bands(by setting the color to none)
only keep the middle line
the length and shift is up to you
mt4 donchian has a middle line but is not mtf

regards

Xronos__ wrote: Fri Mar 17, 2023 9:36 pm you set the time frame to D1 or H4 and hide the hilo bands(by setting the color to none)
only keep the middle line
the length and shift is up to you
mt4 donchian has a middle line but is not mtf

regards

can you paste the indicator here? I was looking for it but can't seem to find a band like ADR

FoxFoxicle wrote: Fri Mar 17, 2023 9:40 pm can you paste the indicator here? I was looking for it but can't seem to find a band like ADR

here on this thread viewtopic.php?p=1295476269&sid=7e7bca23 ... 1295476269
there is a mtf donchian with middle line

give it a try

Xronos__ wrote: Fri Mar 17, 2023 10:07 pm here on this thread viewtopic.php?p=1295476269&sid=7e7bca23 ... 1295476269
there is a mtf donchian with middle line

give it a try

It's not donchian channel

I think nobody has ever thought of this indicator.

We all know ADR or Average "Daily" Range. It plots two lines above and below price.

I think nobody thought of creating an Average "H4" Range or Average "H1" Range or below.

FoxFoxicle wrote: Fri Mar 17, 2023 11:46 pm It's not donchian channel

I think nobody has ever thought of this indicator.

We all know ADR or Average "Daily" Range. It plots two lines above and below price.

I think nobody thought of creating an Average "H4" Range or Average "H1" Range or below.

not able to help you more than that
good luck

Xronos__ wrote: Fri Mar 17, 2023 11:56 pm not able to help you more than that
good luck

Thanks for your help, do you think the donchian channel calculations are the same with ADR?

I plotted the daily donchian and compared it to daily ADR but the calculations are off.

May Kvak please do a candle version please! thank you

best settings i can find

FoxFoxicle wrote: Sat Mar 18, 2023 12:24 am Thanks for your help, do you think the donchian channel calculations are the same with ADR?

I plotted the daily donchian and compared it to daily ADR but the calculations are off.

are not off r projected,
in donchian the lines are projected 1 step (ex:you see yesterdays lines today if you use period 1 and timeframe D1)