This is the settings I used to calibrate the ADR.
I am thinking of using the indicator to get the AHR or the Average Hourly Range So I need to calibrate it first.
Thank you for your great time.
Re: ADR Indicators for MT4
22Set the time frame to hourly then how many day/hours back you want to calculate.FoxFoxicle wrote: Tue Mar 21, 2023 12:21 pm Thank you for your time sir. I have some problem calibrating the ADR
I need the AHR or the Average Hourly Range but I have no idea how to calibrate it.
So I use the ADR of your indi and compare it to other ADR indi.
If ADR values or the high/low range are the same, it means the calculation is correct and the Average Hourly Range calculation will also be correct.
But here there are some discrepancies.
Re: ADR Indicators for MT4
23Thank you sir.mrtools wrote: Tue Mar 21, 2023 12:34 pm Set the time frame to hourly then how many day/hours back you want to calculate.
If I only want the AHR or the Average Hourly Range.
What is the purpose of this MA's?
Re: ADR Indicators for MT4
24No purpose if setting ma length to 1. Also, you have a coder working on your indicator already, why do you need another?FoxFoxicle wrote: Tue Mar 21, 2023 12:40 pm Thank you sir.
If I only want the AHR or the Average Hourly Range.
What is the purpose of this MA's?
Re: ADR Indicators for MT4
25I am very sorry because I am confused too.mrtools wrote: Tue Mar 21, 2023 12:44 pm No purpose if setting ma length to 1. Also, you have a coder working on your indicator already, why do you need another?
Whenever I calibrate the indicator to other ADR indicator, they are not the same, so it means I cannot get the hourly range precisely.
I am very sorry for the misunderstanding I was hoping it can be viewed on other's perspective.
Re: ADR Indicators for MT4
26Then why not work with that original coder to get what you are seeking?FoxFoxicle wrote: Tue Mar 21, 2023 12:49 pm I am very sorry because I am confused too.
Whenever I calibrate the indicator to other ADR indicator, they are not the same, so it means I cannot get the hourly range precisely.
I am very sorry for the misunderstanding I was hoping it can be viewed on other's perspective.
- These users thanked the author mrtools for the post:
- FoxFoxicle
Re: ADR Indicators for MT4
27Thank you for your guidance. I will do.mrtools wrote: Tue Mar 21, 2023 12:52 pm Then why not work with that original coder to get what you are seeking?
I think I understand the problem.
The indicator is only applying ADR to H4 or H1.
The indicator is not averaging the previous H4 or H1 candles.
Re: ADR Indicators for MT4
28Just thought of a simple way to do this is do a mtf version of 2 period = 1 moving averages of high and low.FoxFoxicle wrote: Tue Mar 21, 2023 1:12 pm Thank you for your guidance. I will do.
I think I understand the problem.
The indicator is only applying ADR to H4 or H1.
The indicator is not averaging the previous H4 or H1 candles.
- These users thanked the author mrtools for the post:
- FoxFoxicle
Re: ADR Indicators for MT4
29Never thought of that cause I am not a coder. Thank you for your idea sir. You're ingenuity is crucial in this site.mrtools wrote: Tue Mar 21, 2023 1:29 pm Just thought of a simple way to do this is do a mtf version of 2 period = 1 moving averages of high and low.
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