OPEN-SOURCE SCRIPT
Average Daily Range
What it shows
Average Daily Range — N-day average of daily high-low ranges (default 14 days)
ADR Used — how much of the ADR has been consumed from today's open (optional)
ADR Remaining — how much range can still be expected in the current direction from current price (optional)
ADR Lines — horizontal lines on the chart marking the projected ADR high and low levels for the day (optional)
Average Daily Range — N-day average of daily high-low ranges (default 14 days)
ADR Used — how much of the ADR has been consumed from today's open (optional)
ADR Remaining — how much range can still be expected in the current direction from current price (optional)
ADR Lines — horizontal lines on the chart marking the projected ADR high and low levels for the day (optional)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.