Average Daily Range High Low — Indicator by sherwind

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Volatility ADR

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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!

Comments

Thank you @sherwind
In this example, don't you think that the ADR-high calculation should be done from the low of the day (yellow arrow)? Currently it is done from the open and/or simply shows the high of the day. Or I'm missing something?

kiero

@kiero,

excuse me, the yearly doesn't plot correctly

Any chance you could make so we can change the colours please? It frequently gets lost in my existing colour scheme

Really like the clarity of this indicator and use it alot. Is it difficult to adjust to show a line at the 75%, 50% of the 5D ADR High and Low?