OPEN-SOURCE SCRIPT
Mr Balwants ADR (Previous 14 Days)
# ADR (Previous 14 Days)
This indicator calculates the Average Daily Range (ADR) using the previous 14 completed trading days.
The ADR is determined by taking the daily range (High - Low) of each completed day and calculating the average over the selected lookback period. The current day's incomplete range is excluded to ensure that the value is based only on confirmed market data.
Features:
• Uses completed daily candles only.
• Calculates ADR from the previous 14 trading days.
• Displays the current ADR value in a clean table.
• Works on any market, including Forex, Indices, Commodities, Crypto, and Stocks.
• Lightweight and easy to read.
How to Use:
• Compare the current day's range with the ADR to understand whether the market has already completed most of its typical daily movement.
• Use ADR as a reference for profit targets, volatility analysis, and trade management.
• Particularly useful for day traders and swing traders who want a quick estimate of expected daily movement.
Note:
ADR is a volatility measurement tool and should not be used as a standalone trading signal. It is intended to complement an existing trading strategy.
This indicator calculates the Average Daily Range (ADR) using the previous 14 completed trading days.
The ADR is determined by taking the daily range (High - Low) of each completed day and calculating the average over the selected lookback period. The current day's incomplete range is excluded to ensure that the value is based only on confirmed market data.
Features:
• Uses completed daily candles only.
• Calculates ADR from the previous 14 trading days.
• Displays the current ADR value in a clean table.
• Works on any market, including Forex, Indices, Commodities, Crypto, and Stocks.
• Lightweight and easy to read.
How to Use:
• Compare the current day's range with the ADR to understand whether the market has already completed most of its typical daily movement.
• Use ADR as a reference for profit targets, volatility analysis, and trade management.
• Particularly useful for day traders and swing traders who want a quick estimate of expected daily movement.
Note:
ADR is a volatility measurement tool and should not be used as a standalone trading signal. It is intended to complement an existing trading strategy.
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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。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
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。