The indicator calculates the average daily range for the last 10 and 20 days (default settings) from intraday data. The ADR can be displayed for the full session or the regular session. For the regular session ADR, a specific session template is required, which subdivides the full session into night session, regular session and evening session.
The indicator shown in the chart, shows the average daily range for CL was 1.52 points over the last 20 days and 1.52 points over the last 10 days. The download file also provides for average weekly range and average monthly range, all of them calculated from intraday data.
Just a side note, if this helps any ..
Options for the OHL indicators: Open, high and low of the current period, Fibonacci retracement levels calculated from current high and low, noise bands, target bands based on the average daily/weekly/monthly range.
I have posted a new screenshot that I found online ..... notice the StopLoss price is calculated out for us , and shows -311 pips
Then notice the Target Price too is calculated out as well , and shows +263
This is the kind of Indicator that I am looking for , for the TorS platform ..... to have this information on the chart(s) i'm trading off of
Any help is very appreciated
Thanks - Michael
And I want to give a big Thanks to FatTails , who is a member here on futures.io (formerly BMT) .... so a big Thank you to him for posting and sharing his SessionPivots " CurrentDayOHL with Average Daily Range " indicator