ICT 5 Days ADR & Volume
**ICT 5 Days ADR & Volume**
A lower-pane tool for intraday and daily work. It puts **5-day Average Daily Range (ADR)**, **today’s cumulative range since the session open**, and **volume** in one place so you can see how far the current session has moved relative to recent typical daily volatility.
---
**What it shows**
- **Black line (5-Day ADR)** — Average of the daily high–low range over the **last five completed trading days**, in **ticks** (`syminfo.mintick`). On intraday charts the line is drawn as **one horizontal segment per exchange calendar day** (line breaks at each new daily session).
- **Blue line (Today Range)** — **Cumulative** session range from the **current day’s open** through the present bar: running session high minus running session low, also in ticks. It steps up when new highs or lows are made and stays flat when price stays inside the day’s range.
- **Volume columns** — Styled like the built-in Volume indicator (green when close ≥ open, red otherwise). Bar **heights are scaled** into the ADR pane so volume and ADR share one scale; **hover the crosshair** or open the **Data Window** to see **actual volume** (K/M formatting).
Day boundaries follow **TradingView’s exchange daily session** (`"D"`), not a custom timezone.
---
**How to use it**
- Compare the **blue line** to the **black line**: when today’s cumulative range approaches or exceeds the 5-day ADR, the session is expanding relative to recent norms.
- Use **volume** alongside range to see whether expansion or contraction happens with participation (remember: on FX/CFDs, volume is **tick volume** from your broker/data feed).
- Works on any timeframe; ADR values are computed from the **daily** series and displayed on your current chart timeframe.
---
**Settings**
| Input | Description |
|--------|-------------|
| **Show volume** | Toggle volume columns and volume readout on crosshair/data window. |
| **Show 5-day ADR** | Toggle the black ADR line and blue today-range line. |
Fixed internally (not user inputs): **5-day** ADR length, **~90 calendar days** of plotted history, volume scaling reference over the last **100 bars** at the start of the visible window.
---
**Calculation notes**
- 5-day ADR uses **completed daily bars only** (`[1]` on the daily series with `lookahead_on`) to avoid repainting the ADR level with the **incomplete** current day.
- ADR and today’s range are expressed in **ticks**, so the right scale shows instrument-appropriate integers (e.g. forex pipettes, futures minimum increments).
- Only the most recent **90 days** are drawn; older bars are not plotted (calculations may still use prior data where needed).
---
**Limitations**
- Volume bars are **not** on a separate left-axis volume scale; they are **proportionally scaled** to fit the ADR pane. Use crosshair/data window for true volume values.
- **Today Range** is cumulative session range, not per-bar range; flat blue segments are expected when no new session high or low is made.
- Intended as a **context** tool, not a standalone signal generator. Combine with your own structure, sessions, and risk rules.
---
**Disclaimer**
For education and analysis only. Not financial advice. Past range behavior does not guarantee future volatility. Always verify behavior on your symbol, session, and broker feed before relying on it in live trading.
---
You can shorten the **Overview** block for TradingView’s short description field and keep the rest in the long description. If you want a one-paragraph version only, say so and I’ll trim it.
A lower-pane tool for intraday and daily work. It puts **5-day Average Daily Range (ADR)**, **today’s cumulative range since the session open**, and **volume** in one place so you can see how far the current session has moved relative to recent typical daily volatility.
---
**What it shows**
- **Black line (5-Day ADR)** — Average of the daily high–low range over the **last five completed trading days**, in **ticks** (`syminfo.mintick`). On intraday charts the line is drawn as **one horizontal segment per exchange calendar day** (line breaks at each new daily session).
- **Blue line (Today Range)** — **Cumulative** session range from the **current day’s open** through the present bar: running session high minus running session low, also in ticks. It steps up when new highs or lows are made and stays flat when price stays inside the day’s range.
- **Volume columns** — Styled like the built-in Volume indicator (green when close ≥ open, red otherwise). Bar **heights are scaled** into the ADR pane so volume and ADR share one scale; **hover the crosshair** or open the **Data Window** to see **actual volume** (K/M formatting).
Day boundaries follow **TradingView’s exchange daily session** (`"D"`), not a custom timezone.
---
**How to use it**
- Compare the **blue line** to the **black line**: when today’s cumulative range approaches or exceeds the 5-day ADR, the session is expanding relative to recent norms.
- Use **volume** alongside range to see whether expansion or contraction happens with participation (remember: on FX/CFDs, volume is **tick volume** from your broker/data feed).
- Works on any timeframe; ADR values are computed from the **daily** series and displayed on your current chart timeframe.
---
**Settings**
| Input | Description |
|--------|-------------|
| **Show volume** | Toggle volume columns and volume readout on crosshair/data window. |
| **Show 5-day ADR** | Toggle the black ADR line and blue today-range line. |
Fixed internally (not user inputs): **5-day** ADR length, **~90 calendar days** of plotted history, volume scaling reference over the last **100 bars** at the start of the visible window.
---
**Calculation notes**
- 5-day ADR uses **completed daily bars only** (`[1]` on the daily series with `lookahead_on`) to avoid repainting the ADR level with the **incomplete** current day.
- ADR and today’s range are expressed in **ticks**, so the right scale shows instrument-appropriate integers (e.g. forex pipettes, futures minimum increments).
- Only the most recent **90 days** are drawn; older bars are not plotted (calculations may still use prior data where needed).
---
**Limitations**
- Volume bars are **not** on a separate left-axis volume scale; they are **proportionally scaled** to fit the ADR pane. Use crosshair/data window for true volume values.
- **Today Range** is cumulative session range, not per-bar range; flat blue segments are expected when no new session high or low is made.
- Intended as a **context** tool, not a standalone signal generator. Combine with your own structure, sessions, and risk rules.
---
**Disclaimer**
For education and analysis only. Not financial advice. Past range behavior does not guarantee future volatility. Always verify behavior on your symbol, session, and broker feed before relying on it in live trading.
---
You can shorten the **Overview** block for TradingView’s short description field and keep the rest in the long description. If you want a one-paragraph version only, say so and I’ll trim it.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.