Indicators: AverageRangeLines_v1.6 (mq5)
Could you please explain the logic behind this indicator and the abbreviation used?
Suwat Wat:
Could you please explain the logic behind this indicator and the abbreviation used?
Could you please explain the logic behind this indicator and the abbreviation used?
read about the logic here https://forextester.com/blog/average-daily-range
abbreviations
ADR=average daily range
AWR= average weekly range
AMR= average monthly range
APR=average period range
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Does this work on MT5? I installed the indicator but didn't seem to get it to display anything. Thanks for your help
great idea but something seems to be wrong saddly. when i compare the values with my ADR indicator in TradingView i get other numbers.
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AverageRangeLines_v1.6:
ADR,AWR,AMR,Draws Average Range Lines
Author: NickBixy