hi EXPERTS
we need an afl that gives AHR-average hourly range, ADR-average daily range and AWR-average weekly range for price.
What ADR does?
ADR is a tool to track breakout opportunities for trading.
if you know past 5 days ADR, you can see todays ADRTODAY AND IF RANGE IS HALF OR LESS TODAY IT MEANS-SIDWAYS MARKET IS PRESENT.
iF MARKET IS TRADING NEAR VALUE OF highest ADR for past 5 days,it means most chances are for reversal if sideways or breakout if trend sets in
at middle of day if you found today so far price moved only 30 points while ADR is 75 points for past 5 days,then you can anticipate a move for balance of ADR
HAR = HOURLY AR is range of past 20 hours
get hourly high,hourly low and compute average hourly range for past 20 data points
WE CAN KNOW WEEKLY ADRW OR WADR
this is average of adr weekly for 10 weeks.
we can know Monthly ADR ADRM OR MADR
Concept basis
ADR
take a day,find its high and its low
DH -DL = daily range
ADR10
ADR10 finds out what every days range is for past 10 days and averages it to get an average range.
it is day1 range=h1-l1 , day2 range = h2-l2, and so on for 10 days
AHR Average hourly range
This is useful for intraday traders.
ford
we need an afl that gives AHR-average hourly range, ADR-average daily range and AWR-average weekly range for price.
What ADR does?
ADR is a tool to track breakout opportunities for trading.
if you know past 5 days ADR, you can see todays ADRTODAY AND IF RANGE IS HALF OR LESS TODAY IT MEANS-SIDWAYS MARKET IS PRESENT.
iF MARKET IS TRADING NEAR VALUE OF highest ADR for past 5 days,it means most chances are for reversal if sideways or breakout if trend sets in
at middle of day if you found today so far price moved only 30 points while ADR is 75 points for past 5 days,then you can anticipate a move for balance of ADR
HAR = HOURLY AR is range of past 20 hours
get hourly high,hourly low and compute average hourly range for past 20 data points
WE CAN KNOW WEEKLY ADRW OR WADR
this is average of adr weekly for 10 weeks.
we can know Monthly ADR ADRM OR MADR
Concept basis
ADR
take a day,find its high and its low
DH -DL = daily range
ADR10
ADR10 finds out what every days range is for past 10 days and averages it to get an average range.
it is day1 range=h1-l1 , day2 range = h2-l2, and so on for 10 days
AHR Average hourly range
This is useful for intraday traders.
ford