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Average Daily Range

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    #1

    Average Daily Range

    Hi all why doesn't NT8 have a built in ADR=Average Daily Range indicator?
    Does anyone have one to share that will plot the ADR High and Low on the price chart?
    Thanks in advance
    Tags: None
    #2
    Hi sonia0101, thanks for posting. I found this ADR indicator on the user app share site:
    RangePT - NinjaTrader Ecosystem
    https://ninjatraderecosystem.com/user-app-share-download/rangept/
    Average Daily Range or Average Range Profit Target normalized to be bounded to oscillate between 0 and 100 percent of recent price variation. Based on the ATR indicator which was introduced by Welles Wilder in his book 'New Concepts in Technical Trading Systems' and has since been used as a component of many indicators and […]


    Kind regards,
    -ChrisL

    The NinjaTrader Ecosystem website is for educational and informational purposes only and should not be considered a solicitation to buy or sell a futures contract or make any other type of investment decision. The add-ons listed on this website are not to be considered a recommendation and it is the reader's responsibility to evaluate any product, service, or company. NinjaTrader Ecosystem LLC is not responsible for the accuracy or content of any product, service or company linked to on this website.
    Chris L.NinjaTrader Customer Service

    Comment

      #3
      Hi Chris thanks appreciate the effort.
      Here is a pic of what I am looking for.
      I want to have the ADR High and Low plotted on the chart, like this(I manually put these lines on the chart) for the example
      Click image for larger version Name: exampleADR plot on chart.jpg Views: 2344 Size: 117.9 KB ID: 1201734

      Comment

        #4
        Hi sonia0101, I made a quick an indicator that will display the daily price like this. See attached.

        Kind regards,
        -ChrisL
        Attached Files
        Chris L.NinjaTrader Customer Service
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