cristian.d

CD_Average Daily Range Zones- highs and lows of the day

Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental
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//CD
//Average Daily Range Levels - 10 day

study(title="CD_Average Daily Range Zones", shorttitle="CD_Daily High/Low Zones V01", overlay=true) 


//dayHigh=security(tickerid, 'D', high[1]) 
OPEN=security(tickerid, 'D', open) 

//ADR L
dayrange=(high - low)

r1 = security(tickerid, 'D', dayrange[1]) 
r2 = security(tickerid, 'D', dayrange[2]) 
r3 = security(tickerid, 'D', dayrange[3]) 
r4= security(tickerid, 'D', dayrange[4])
r5= security(tickerid, 'D', dayrange[5])
r6 = security(tickerid, 'D', dayrange[6]) 
r7 = security(tickerid, 'D', dayrange[7]) 
r8 = security(tickerid, 'D', dayrange[8]) 
r9= security(tickerid, 'D', dayrange[9])
r10= security(tickerid, 'D', dayrange[10])





adr_10 = (r1+r2+r3+r4+r5+r6+r7+r8+r9+r10) /10
adr_9 = (r1+r2+r3+r4+r5+r6+r7+r8+r9) /9
adr_8 = (r1+r2+r3+r4+r5+r6+r7+r8) /8
adr_7 = (r1+r2+r3+r4+r5+r6+r7) /7
adr_6 = (r1+r2+r3+r4+r5+r6) /6
adr_5 = (r1+r2+r3+r4+r5) /5
adr_4 = (r1+r2+r3+r4) /4
adr_3 = (r1+r2+r3) /3
adr_2= (r1+r2)/2
adr_1 = r1




//plot 
adrhigh10=plot((OPEN+(adr_10/2)) , title="ADR High10",style=circles,color=red,linewidth=2) 
adrlow10=plot((OPEN-(adr_10/2)), title="ADR LOW10",style=circles, color=green,linewidth=2)
//adrhigh9=plot((OPEN+(adr_9/2)) , title="ADR High9",style=circles,color=red,linewidth=2) 
//adrlow9=plot((OPEN-(adr_9/2)), title="ADR LOW9",style=circles, color=green,linewidth=2)
//adrhigh8=plot((OPEN+(adr_8/2)) , title="ADR High8",style=circles,color=red,linewidth=2) 
//adrlow8=plot((OPEN-(adr_8/2)), title="ADR LOW8",style=circles, color=green,linewidth=2)
//adrhigh7=plot((OPEN+(adr_7/2)) , title="ADR High7",style=circles,color=red,linewidth=2) 
//adrlow7=plot((OPEN-(adr_7/2)), title="ADR LOW7",style=circles, color=green,linewidth=2)
//adrhigh6=plot((OPEN+(adr_6/2)) , title="ADR High6",style=circles,color=red,linewidth=2) 
//adrlow6=plot((OPEN-(adr_6/2)), title="ADR LOW6",style=circles, color=green,linewidth=2)
adrhigh5=plot((OPEN+(adr_5/2)) , title="ADR High5",style=circles,color=red,linewidth=2) 
adrlow5=plot((OPEN-(adr_5/2)), title="ADR LOW5",style=circles, color=green,linewidth=2)
//adrhigh4=plot((OPEN+(adr_4/2)) , title="ADR High4",style=circles,color=red,linewidth=2) 
//adrlow4=plot((OPEN-(adr_4/2)), title="ADR LOW4",style=circles, color=green,linewidth=2)
//adrhigh3=plot((OPEN+(adr_3/2)) , title="ADR High3",style=circles,color=red,linewidth=2) 
//adrlow3=plot((OPEN-(adr_3/2)), title="ADR LOW3",style=circles, color=green,linewidth=2)
//adrhigh2=plot((OPEN+(adr_2/2)) , title="ADR High2",style=circles,color=red,linewidth=2) 
//adrlow2=plot((OPEN-(adr_2/2)), title="ADR LOW2",style=circles, color=green,linewidth=2)
//adrhigh1=plot((OPEN+(adr_1/2)) , title="ADR High1",style=circles,color=red,linewidth=2) 
//adrlow1=plot((OPEN-(adr_1/2)), title="ADR LOW1",style=circles, color=green,linewidth=2)



fill(adrlow10,adrlow5,color=lime)
fill(adrhigh10,adrhigh5,color=maroon)
//fill(adrlow2,adrlow9,color=lime)
//fill(adrhigh2,adrhigh9,color=maroon)
//fill(adrlow3,adrlow8,color=lime)
//fill(adrhigh3,adrhigh8,color=maroon)
//fill(adrlow4,adrlow7,color=lime)
//fill(adrhigh4,adrhigh7,color=maroon)
//fill(adrlow6,adrlow2,color=lime)
//fill(adrhigh6,adrhigh2,color=maroon)
Hallo Cristian how are you? Can l please have this CD_Average Daily Range Zones- highs and lows of the day indicator in mt4 format please
Reply
cristian.d codfellazfx
@codfellazfx, I don't know mt4
Reply
codfellazfx cristian.d
@cristian.d, Thanx, I see great potential from trading using your custom made range indicators, keep up the good work!!
+1 Reply
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