PROTECTED SOURCE SCRIPT
IndianPivotBoss_ADR
Average Daily Range indicator
This indicator shows the average daily range. By default shows one day Daily Range. It can be customised upto 100 days. Strongly suggested to use 1-5 days only.
It also plots 4 lines which are by default 10 day average Daily Range (ADR) with 50% of ADR, 75% of ADR, 100% of ADR and 125% of ADR.
These are used to calculate potential daily targets.
However, the most important usage is on daily chart for the next day analysis for trading intraday. If DR is less than 50% of the ADR (BOTTOM MOST LINE), the color of the bar will be in red which indicates that there is heavy contraction which could possibly followed by expansion. This could possibly lead to a trending day and hence traders can prepare well in advance.
This indicator shows the average daily range. By default shows one day Daily Range. It can be customised upto 100 days. Strongly suggested to use 1-5 days only.
It also plots 4 lines which are by default 10 day average Daily Range (ADR) with 50% of ADR, 75% of ADR, 100% of ADR and 125% of ADR.
These are used to calculate potential daily targets.
However, the most important usage is on daily chart for the next day analysis for trading intraday. If DR is less than 50% of the ADR (BOTTOM MOST LINE), the color of the bar will be in red which indicates that there is heavy contraction which could possibly followed by expansion. This could possibly lead to a trending day and hence traders can prepare well in advance.
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由使用，沒有任何限制 — 點擊此處了解更多。
Trading is my passion.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由使用，沒有任何限制 — 點擊此處了解更多。
Trading is my passion.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。