Brett001 wrote: Thu Nov 04, 2021 11:27 pm
Hi!
What do the numbers in the upper right corner mean? How do those values help you make a decision? Why are they important? Can they also be used for indices (US30, DAX40, etc.)?
Regards: Brett
Hi @Brett001,
The numbers are the ADR (Average Daily Range) in pips that the currency pair has moved i.e Today, Yesterday, the weekly average, monthly average, 3 monthly average etc. This is vital for me as it will then assist me in determining if I should get into a trade or not based on the current days movement
ex. If a currency pair has moved today already 50 pips down from it's start but the ADR is 45 pips then I won't get in because it either is going to range or retrace some pips. However, if a currency pair has only moved 35 pips and the ADR is 80 pips then I'll definitely get in the trade because the currency pair still has room to "move"
It also allows me to set my daily as well as weekly TP targets. Also to know when to close the trades if I want to based on it's ADR. For me it's indespensible
For indices they don't always show the numbers correctly because of the value of the indices. I don't trade indices so it would have to be up to you to test it and see if it works for you.
Regards,
BeatlemaniaSA