Average Daily Range High Low — Indicator by sherwind

Volatility ADR

volatility adr

This version uses Pine Script v4 line objects which has a limit of 50 bars.
See

Release Notes: This version displays the average range on the upper line. If "Display average range as forex pips?" is enabled, the range value will be shown in pips.

Release Notes: Update parameter names

Release Notes: Fixed bug in yearly ADR. Thanks to @kiero!

Release Notes: Use the new arrays feature to track how many ADR to show

Release Notes: Add line color inputs

Release Notes: Fixed label alignment issue

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?