Average True Daily Range
- Indicatori
- Hui Zhao
- Versione: 1.0
- Attivazioni: 5
Average True Daily Range is an indicator that displays support and resistance zones based on the average daily price range. It is used to determine the intraday trading space and risk-return ratio. It needs to be traded in conjunction with other indicators to determine the direction. This indicator is used for intraday trading, so the indicator is only displayed on D1 below periods.
If you are interested in day trading based on trend trading, you can test my other indicator "magic finger"
Indicator Settings
- ADRPeriod ------- Sets the period used to calculate the average amplitude of ADR;
- Normal Color ---- Set the color when the intraday fluctuation range is less than the ADR range;
- Reach Color ----- Set the color of the intraday volatility reaching the ADR range;
ADRPeriod | 18 |
Normal Color | Darkorange |
Reach Color | MediumBlue |
If you have any questions, you can leave a message below.
Hope this helps with your transaction, thank you.