ADR indicator

[falcs]

Hi all, looking for an Average Daily Range counter. Had one in NT7 cant find a NT 8 as of yet.

[NinjaTrader_PatrickG]

I found several indicators when searching the forums that may be useful for you. Please browse the first few pages of the search for 'average range' below to see if any of these indicators meet your needs:

https://ninjatrader.com/support/forum/local_links_search.php?action=show&literal=1&search=average+range&desc=1

If you find the NinjaTrader 7 indicator you were using but not a comparable NinjaTrader 8 version, can you provide the link to the NinjaTrader 7 indicator so I better understand exactly what you're seeking?

[falcs]

The indicator computes the average of daily range.
It takes the High and Low of each day and computes the range of each day. Then it computes the average of those ranges during a period, ie the last 10 and last 20 trading days.

[NinjaTrader_PatrickG]

I assume your response implies that looking through my search and searching yourself did not result in any comparable indicators for what you're seeking?

I was able to create an analogous plot of what you're describing by adding the built in 'ATR' indicator to a daily chart. Here is an example:

https://www.screencast.com/t/h7rnpBiY

Is this what you're looking for?

[falcs]

Sorry for delay in replying, had some personal issues to take care of.
For an idea of what I mean, take a look at the following;

https://www.youtube.com/watch?v=f423zB2rZHc

[NinjaTrader_JaredM]

Hello,

The product referenced in the video can be found from a NinjaTrader Ecosystem vendor at the following link: https://www.indicatorwarehouse.com/n...or/day-ranger/

Sorry for delay in replying, had some personal issues to take care of.
For an idea of what I mean, take a look at the following;

https://www.youtube.com/watch?v=f423zB2rZHc

[kmlneo]

This is an ADR indicator for ninjatrader 8 and it even sends notifications when the ADR is reached, also notifies of high reversal probabilities: https://trading2society.com/t2ssmartadr

[Pata356]

Hi,
Here is a free one for version 8. I think it's ok but this is the first time I ever wrote something for Ninjatrader. I didn't care to export it, just paste the code here below.
------------

namespace NinjaTrader.NinjaScript.Indicators
{
public class ADR : Indicator
{
protected override void OnStateChange()
{
if (State == State.SetDefaults)
{
Description = @"Enter the description for your new custom Indicator here.";
Name = "ADR";
Calculate = Calculate.OnBarClose;
IsOverlay = false;
DisplayInDataBox = true;
DrawOnPricePanel = true;
DrawHorizontalGridLines = true;
DrawVerticalGridLines = true;
PaintPriceMarkers = true;
ScaleJustification = NinjaTrader.Gui.Chart.ScaleJustification.Right;
//Disable this property if your indicator requires custom values that cumulate with each new market data event.
//See Help Guide for additional information.
IsSuspendedWhileInactive = true;
Lookback = 20;
AddPlot(Brushes.Green, "Value");
}
else if (State == State.Configure)
{
}
}

protected override void OnBarUpdate()
{
if (CurrentBar < Lookback)
return;
else
{
double sum = 0;
for (int i=0; i<Lookback; i++)
sum = sum + (High[i]/Low[i]);
Value[0] = 100*((sum/Lookback)-1);
}
}

#region Properties
[NinjaScriptProperty]
[Range(1, int.MaxValue)]
[Display(Name="Lookback", Order=1, GroupName="Parameters")]
public int Lookback
{ get; set; }
#endregion

}
}

[brucerobinson]

#falcs
See attached
I believe it does what you're wanting.
Have been using it a long time without problems
KR

[sonia0101]

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


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

[brucerobinson]

#sonia0101
See attached,. Not simply what you want, but may be helpful.
Not mine, never used it, publicly available on that other well-known repository of such things. You might want to check out the Notes there if you're minded to use it.

Alternatively pop over to the coding part of the forum along with Cory's I posted above and ask someone to help you add painting a couple of lines to that one - can't be that hard, albeit above my pay grade.

LizardIndicators also have an indicator that draws ADR & noise projections etc. Pay Lizard a small fee. or join FIO Elite to download.
I have no affiliations to anything or one, just spreading the love.
Best,

[bearring0]

Hello brucerobinson,
I downloaded a file you posted on the forum the coryadr file and i cant seem to get it to plot anything on the charts? also I cant get it to pull up on the ninja script editor to delete. would you have any idea how i could use or delete the file?? thanks.

[AndyM]

This is an ADR indicator for ninjatrader 8 and it even sends notifications when the ADR is reached, also notifies of high reversal probabilities: https://trading2society.com/t2ssmartadr

whatever you do, don't pay for an ADR indicator. If there is a machine ID change they will undoubtedly make you pay to change the license. Lizardindicators has a free version which works as it should. Not only that it gives you yesterdays High and Low and other useful info for day trading.

[brucerobinson]

bearring0 - I replied to your PM
Best