![]() ![]() This is a smoothed simple moving average of the ADR. It is like this indicator is already predicting the H/L limits. We have other variable that we don't know what open daily candle time/ close daily candle time does ICT use?Īnd my question is how do you project the High and Low? This are not dynamic figures, when I post the indicator on my chart it shows a static figure for ADR H/L that remain the same all day. So, if yesterday's Day Range was 80, the Previous 5 Day Range was 110, the Previous 10 Day Range was 90 and the Previous 20 Day Range was 120, then the Average Day Range would be 100.īut what is the formula for calculating ADR H/L ![]() And it calculates the "Average Day Range" of these four ranges (yesterday's+ Prev 5 Day Range + Prev 10 Day Range + Prev 20 Day Range)/4.Ĭheck out your indicator inputs at the bottom you have: First_av=5 Second_av=10 Third_av=20. What do you mean by "drawn from the current day's high & low."? You don't have the current day H/L until the day is over.Īctually the the indicator computes yesterday's Day Range (Daily High - Daily Low), the previous 5, 10 and 20 days ranges. ![]()
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