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Add ADR Multiple to Open in Sierra Chart
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Add ADR Multiple to Open in Sierra Chart

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Alright, I think I figured it out using the Sierra Chart studies.
This is for adding non-dynamic ADR bands. The formulas I used are:
Open + ADR = ADR high
Open - ADR = ADR low

But you can use any formula you need by adjusting it.

Step #1: Open up a daily chart (historical chart)
Step #2: Add indicator "Average Daily Range"

Step #3: Open up an intraday chart, using the 5 min chart as an example
Step #4: Add indicator "Study/Price overlay." Adjust the settings in the indicator to choose ADR from the daily chart
Step #4: Add indicator "Daily OHLC." Adjust settings in Reference Days back to 0 days to get today's opening price. I hid all the lines except the open.
Step #5: Add indicator "Spreadsheet formula."
---Input formula ID2.SG1 (or wherever the opening price indicator is) + ID1.SG1 (the ADR)
Step #6: Duplicate "Spreadsheet formula" indicator and change addition to subtraction: ID2.SG1 - ID1.SG1

This will display the opening price for today plus ADR bands. You can duplicate the spreadsheet formula indicator as many times as needed to add increments of the average daily range.

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