AverageDailyRange

The Average Daily Range is an indicator for showing support and resistance zones based on the average daily price range of currency. It is necessary to look for the buy signal when the price goes over the resistance level, and for the sell signal when the price goes over the support level. The indicator shows the static and dynamic levels. Static levels are calculated based on the opening price of the day. Dynamic levels are calculated based on the daily Highs and Lows.

Indicator Settings

• ADRPeriod - period for calculating the average daily price range in days;
• PrecalculateDays - the number of previous days to display the support and resistance levels;
• ADRZonePercent - width of the zone as a percentage of the daily average price range;

Display Settings

• StaticHighColor - color of the static resistance level;
• StaticLowColor - color of the static support level;
• ShowDynamicLevels - display dynamic levels;
• DynamicHighColor - color of the dynamic resistance level;
• DynamicLowColor - color of the dynamic support level;
• ShowInfo - display the information panel;
• InfoFontColor - font color of the information color;
• InfoFont - font of the information color;
• InfoFontSize - font size of the information panel;
• UseInfoBackground - display the background of the information panel;
• InfoBackground - background color of the information color;