Average daily range - custom mt4 indicator

It consists in 1 line in a separate window: The indicator computes yesterday's Day Range Daily High - Daily Low , the previous 5, 10 and 20 days ranges. So, if yesterday's Day Range was 80, the Previous 5 Day Range was , the Previous 10 Day Range was 90 and the Previous 20 Day Range was , then the Average Day Range would be If you compare ADR and ATR by putting both of them on a Day chart take ATR 1 , you will see that ADR is smoother than ATR.

This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal. The EA will copy all positions without delays Additionally integrated notification in situations requiring user. A new function for trailing profits has been implemented. The panel can be used as a virtual Stop Loss or Take Profit. It also features the emergency button - CLOSE ALL.

You can also try the full version of the VirtualTradePad for mt5 panel, as well as the Profit or Loss for mt4 panel Other versions in this collection: VirtualTradePad for mt5 Digit Market Time Pad Market Time Pad Scalper PadMain f.

This indicator is designed for automated drawing of Andrews Pitchfork.

Harmonics + Average Daily Range Indicator

The Andrews Pitchfork tool is usually drawn according to three main prices of a chart. The method of finding abovementioned prices was developed on the basis of a thorough study and drawing dozens of Andrews Pitchforks.

What we offer in this indicator represents a result of our conducted work. This indicator has particular settings and when you change them, the Pitchfork drawing principle stays the same. And changed data will. This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity?

The currency strength lines are very smooth across all timeframes and work beautifully when using a higher timeframe to identify the general trend an. The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels.

This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels.

Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.

Automation of the process of placing the Sell Stop pending orders, Stop Losses and T. This expert is designed for terminal MetaTrader5 from which the position will be copied. The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Butt. With this tool, you can act as either a provider source or a receiver destination.

All trading actions will be copied from the provider to the receiver with no delay. Demo version for testing can be downloaded at: Followings are highlight features: Switch between Provider or Receiver role within one tool. One provider can copy tr. The indicator is based on the comparison of the correlation of trading instruments following an original algorithm. It determines the difference between correlated contracts delta. The greater the difference, the more it is likely that this Delta will return to zero.

More suited to the FORTS market. The greater the deviation from zero, the more it is likely that the price will return to zero. Also, the indicator divergence can be applied by comparing highs and lows. This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window.

Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs. Interacting with additional signal indicators that mark the chart to give a real mar. Zig Zag Swing Detector is a talking indicator tool, that let you track new highs and lows using Zig Zag patterns and allows you to react to new highs and lows.

For example for uptrend each time there is higher hi spotted, the strength of the trend is increased. Trend is ended with lower low than the previous one. You can also setup conditions to open trades automatically on new heights. Who will be interested in this product: The panel is designed to make managing a large number of orders as easy as managing one.

The prices and stop levels are set.

Free download of the 'Average Daily Range' indicator by 'TheGreedyPig' for MetaTrader 4 in the MQL5 Code Base

User can define the price valu. There is Demo version of this panel Dashboard Babon Scalping System MT5 Demo in my product list, please try it out to get familiar with all functionalities for free.

Then the system will zoom in to generate the entry point on M1 time-frame using Babon Slope, M5 TMA, and Ichimoku indicators. The signal will be. The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.

Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level fractal without further confirmation with the close price.

Setting a necessary virtual order and entering the market in. The EASIEST way to manage your risk for each trade!

Add the indicator to your chart, configure a risk percentage of account equity Enter the number of pips for your stop loss into the text entry field that appears on the chart The position size to take will automatically be updatedThe product features two modes - a compact mode which allows entry of stop loss pips and shows the resulting lot size based on the percent risk setting, as well as an expanded mode that also shows.

Veno EA MT5 is a safe and fully automated medium-term trading robot. The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc. Veno Expert System MT5 automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. The robot analyzes the market volumes and volatility, and follows strong supply and demand movements.

It smoothly sets breakeven level. Fast Copy MT5 allows to copy trades between different MetaTrader 5 netting hedge and MetaTrader 4 accounts in any direction and amount, quickly and easily without loading the system. The good results are achieved on EURUSD. Trading Strategy The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically.

The robot does not trade at night from 10 p. The robot was tested in the special tester on real ticks. This indicator shows how much time is left on the current candle. You have absolute control over appearance of remaining time label.

Also, you can set additional flag to show remaining time in the comment section of your chart and how much time has already passed on the current candle measured in percents. This indicator gives full information about the market state: It has two graphical components: Positive values show an ascending trend and negative values - a descending trend.

Green bar is for up motion, red one - for down motion, and the yellow one means no trend. Signal line is the value of the histogram you can enable divergence.

It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes. Trading strategy The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection.

The EA switches the strategies automati. This indicator will help you add any custom indicators to a mini chart that is open on the main chart. When you start this indicator, in the parameter table, you have to choose the name the of mini chart you want to add to the main chart, and you have to choose the symbol, period and coordinates of the minichart on the main chart with X-distance and Y-distance parameters.

Then you type the indicator's name that indicator must exist in the indicator folder already. If you want, you can choos. The Expert Advisor for increasing or opening market positions. Allows specifying the desired risk, target and searching for the best open price and trade volume. It is included in the ActivePanel product. This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price: Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.

The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator! So that in combination with a chart representing currency price it is easy to determine whether the current situation is good for trading.

And when you open a position it will clearly show you the current data such as SL, TP, RR. You are not limited to currency. You can use any market which is provided by you broker. EasyPen is designed as beautiful and innovative way to create and manage all your chart analysis, scribbles, notes and more.

The app takes advantage of new MQL5 technology to offer an experience unseen in the other apps or in older MQL versions. An App That Changes Everything There is no existing drawing app that allows the level of customization that EasyPen offers. Change color of your pen, choose brush size, save drawings, keep drawings attached to specific position in chart, and more.

VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest. The panel consists of 5 tabs. VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for.

We present you an effective software solution for arbitrage between brokers. The Arbitrage on the market became widespread due to decentralization.

There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time.

Knowing these prices and using efficient built-in software filte. The principle of the indicator operation lies in the analysis of the currency pair history and determining the beginning and the end of the "power" driving the current trend. It also determines the Fibonacci levels in the main window.

The indicator also shows how long ago the local Highs and Lows have been reached. How to Use Waves in the subwindow show the strength and the stage of the trend movement. That is, if the waves only start rising, then the trend is in the initial stage. Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.

You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi.

The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency. The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument.

It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price.

I have just read Igor Toshchakov: Beat The Odds in Forex. In the book most of his setups templates use profit targets based on the Average Daily Range of a currency- that being the last couple of months. I assumed at first that I could get this measurement by taking wilder's average true range indicator on a daily chart and set the lookback period to 30 to get a month's average.

But after looking into wilders ATR indicator- he takes the previous bars close for the opening price for the next bar. If you are familar with the definition of the indicator you are aware of what I am talking about. Igor is trying to set a price objective rule based on the probability that a currency will reach its daily range every trading day. This is a very rudimentary example of his "templates" in his discrete-systematic method. I am just trying to find the proper indicator or procedure for determining a pairs average daily range based on the last 30 days.

Is there an ADR indicator which DOES NOT include the Sunday bar this one does.

Non Repainting Supertrend Indicator with Sound and Popup Alerts

Including a Sunday bar into the calculation, drastically changes the outcome. Thread about Sunday bar https: Attached is the ADR indicator I'm using and I found this script by "icm63" about excluding Sunday data he's using this on MA cross indi.

I tried inserting the code below into my indicator attached , but it's not working. Hi, Does anybody have an average daily range indicator?

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Basically it tells you what the daily average will be from using past data. To add comments, please log in or register. Hi all, here is the Average Day Range indicator. What is this "Average Day Range"? ADR is therefore a kind of WMA of the Day Range. MultiMTCopierMT5Receiver by Alexander Puzikov. Profit or Loss Pad by Vladislav Andruschenko. Andrews Pitchfork indicator for MT5 by Izzatilla Ikramov Advanced Currency Strength28 MT5 by Bernhard Schweigert.

Virtual pending sell stop order by Gennadiy Stanilevych MultiMTCopierMT5Source by Alexander Puzikov. Auto Trade Copier for MT5 by Vu Trung Kien. Delta New by Alexey Chernyh Trading Chaos Expert by Gennadiy Stanilevych. Zig Zag Swing Detector MT5 by Grzegorz Korycki. Forex Voyager by Alexander Vinogradov. Dashboard Babon Scalping System MT5 by Wang Yu Virtual pending buy stop order by Gennadiy Stanilevych.

Easy Position Size Calculator MT5 by Johan Venter Veno EA MT5 by Alexey Kondratyev. Fast Copy MT5 by Pavel Kolchin. SAFE Automatic robot by Petros Shatakhtsyan. Candle Time by Tino Tkalec Trend check by Vladimir Gotsulenko FULL Automatic by Petros Shatakhtsyan. MINI CHART INDICATOR ADD by Cuong Pham AddPosition by Andrej Nikitin Actual COMBO Depth of Market AND Tick Volume Chart by Sergey Andreev. FXG Info Full by Tomasz Nowak EasyPen by Karlis Balcers.

VirtualTradePad One Click Trading Panel by Vladislav Andruschenko. Arbitrage Visualiser Pro MT5 by Maxim Dmitrievsky. Waves Of Fibonacci by Roman Vashchilin. Easy Order by Tino Tkalec. Spread and Swap monitor by Gennadiy Stanilevych Average Daily Range indicator??? Does a better method exsist for this purpose??

Any thoughts on what indicator I should use?? Thanks in advance, M Rippy. Sunday Bar Is there an ADR indicator which DOES NOT include the Sunday bar this one does. I searched but couldn't find one which allows exclusion of Sunday bar in the calculation.

ADR without Sunday Bar Thanks newdigital; Attached is the ADR indicator I'm using and I found this script by "icm63" about excluding Sunday data he's using this on MA cross indi. Please note that ATP value is most important thing in day trading. The simple rule is to BUY above ATP and SHORT below ATP.

It MUST start from the day start and no matter after closing of the day.