AverageDailyRange

Average Daily Range - an indicator showing the zone of support and resistance on the basis of the average daily price of the course of the trading instrument. We must look for sell signals when the price goes over the resistance level, and to buy when the price goes beyond the level of support. The indicator shows the static and dynamic levels. Static levels are calculated from the opening price of the day. Dynamic levels are calculated from the minimum and maximum of the day.

indicator settings

• ADRPeriod - the period for calculating the average daily price of the course in days;


• PrecalculateDays - the number of previous days, where support and resistance levels will be shown;


• ADRZonePercent - the width of the zone as a percentage of the average daily price of the course;

display Options

• StaticHighColor - Color static resistance level;


• StaticLowColor - color static support level;


• ShowDynamicLevels - display dynamic levels;


• DynamicHighColor - Color dynamic resistance level;


• DynamicLowColor - color dynamic level of support;


• ShowInfo - display of the dashboard;


• InfoFontColor - font color of the dashboard;


• InfoFont - font information panel;


• InfoFontSize - font size of the dashboard;


• UseInfoBackground - display dashboard background;


• InfoBackground - dashboard background color;