Average Daily Range Table (ADR) -
1 2 3 4

thread: Average Daily Range Table (ADR)

  1. #11
    Junior Member
    21
    Thanks for the Answer.

  2. #12
    Member
    47
    Thank You for the Answer.
    Pleasure. If theres a pair you want that I've missedfire away.

  3. #13
    Junior Member najat_ls18's Avatar
    28
    quote Pleasure. If theres a pair you need that I have missed, fire away.
    This is very nice of you! What a fantastic thing to have available, thank you.

    I looked at your photos (chart grabs)/ /

    To place the ADR lines in my chart, I just do it manuallly by drawing a line and then populating (entering) the price parameters, am I correct?

    Do I divide the ADR in half to place the lines in my chart? (example: 100 pips ADR divided by 2= 50 pips). And if, as in this example, the ADR is 100; does that imply price has an 80% chance of reaching the HIGH or possibly the LOW which would be 75 percent of 50 pips = 37.5 pips?

    In essence, I really don't understand where I place the traces, and what's considered the center-line, and/or where to place it.

    Thank you, and I hope you can help with these silly questions of mine.

    Darran

  4. #14
    Junior Member najat_ls18's Avatar
    28
    Todays Table; 13/03/2014 - If you would like a pair I do not have shown, please just ask and I shall include it. picture
    Hello, if you were able to add USDTRY, that would be fine.

    Thank you.

  5. #15
    Member
    47
    quote To put the ADR lines on my chart, Darran
    Morning Darran,
    You have the concept right. I time my ADR's on my charts from midnight to midnight. Meaning, at the stroke of, my charts automatically go back to my table and see what activity there was that day and draw new lines. But, remember that as a chart moves through the day, the upper or lower amounts will'follow' the price since it climbs or drops towards the opposite line. Sounds daft, heres the idea.

    At the beginning of the day (midnight) the traces draw their degrees, with the price at the moment at the'center' point. So they're equally spaced. You have the amounts correct.
    However, lets state that the price falls down to the lower 100% amount and reaches it. At this point it's done 50 percent of the days total range, so if it now wants to climb straight back up again and then does so the top amount is accurate. It'll have gone 100 percent of the days range in two movements. Heres the tricky bit. Since the price carries on past 100 percent, the top level then needs to trace it down, since it's done over its share downwards, meaning if it now turns, it doesnt have to travel so far to make up 100 percent of the days range.

    To summarise, the specific middle point will'follow' that the 100 percent upper/lower level staying exactly the identical distance though, if price goes through 100 percent up or down.

    I shall pop up a grab or two to illue this better.

    Todays table to follow, such as USDTRY for you.

  6. #16
    Member
    47
    14 March 2014

  7. #17
    Member
    47
    Example:
    GBPCAD: You can see yesterdays chart and because the price dropped well below the 100 percent level, it'hauled' the upper down lines with it.

    You can now see it since midnight, its wriggled around a bit in the middle but already started more'up than down'. So, the reduced rates have already begun creeping upwards to compensate for the space that the price has increased. (You can see the price at midnight [vertical dotted] is no longer the specific middle stage.)

    I hope this helps!!

    And to answer your query, the idea is made from several foundation ideas, but its quite seldom a price doesn't reach 75% of its own ADR. They key is to pick that way it goes.

  8. #18
    Junior Member najat_ls18's Avatar
    28
    Example: GBPCAD: You are able to view yesterdays chart and because the price dropped well below the 100% level, it'dragged' the top lines down with it. Now you can view it because midnight, its wriggled around a bit in the middle but started more'up than down'. So, the lower rates have begun creeping up to compensate for the distance which the price has climbed. (You can see the price at midnight [vertical dotted] is no longer the exact middle point.) I hope this helps!! And to answer your question, the concept is borrowed from...
    Thanks for the explanation. I thought you might be using an indior that draws these lines automatically, but I think you're stating you use the line tool (or whatever manual instrument you have on that platform) and place the top and lower 50% lines by dividing the ADR in two, with the current price of midnight (your time) in the 0 percent middle. Therefore a move to the 50% lower line, or beyond it, as in the illuion of your GBPCAD chart, is what you're referring to: GBPCAD: You are able to view yesterdays chart and because the price dropped well below the 100% level, it'dragged' the top lines down with it. By the way, because I'm in Thailand ( 7 GMT), what's your timezone....so I understand when midnight is for you personally, please? And where are the top price lines which were dragged down? Could I visually view them (are they the lines into the left?) . Thanks!

  9. #19
    Member
    47
    Hi Darran,

    Its an indior so the amounts are drawn automatically.

    I am in London so GMT 0.

  10. #20
    Member
    47
    Todays Table: 17/03/2014

  •