i understand that google may give u some results but none that are worth looking at - this should be a custom indicator deisgned

ADR indicator @ Forex Factory

it will help if we can design something like they have here >>> check it out please

also to clarify what i am thinking of

the idea is like this

i want to be able to calculate the average daily range of an instrument over a certain period that can be changed

for example - i can choose 2 days - 5 days - 2 weeks - 2 months - whatever?

that average will be considered as 100 percent before the open today

today that 100 percent will be changed depanding on what the instrument does

if the average for the emini over the past 2 weeks is 50 ticks ( 100 percent) and today at the open its down or up 10 ticks from when u want to get in then you have 40 ticks to play with ( 80% of the adr) - decision to enter trade, lots of room


if the average for the emini over the past 2 weeks is 50 ticks ( 100 percent) and today sometime when u want to take a trade its down or up 45 ticks then you have 5 ticks to play with ( 10% of the adr) - decision to maybe not enter trade , no room

Hey Jeff! Thanks so much for the useful template. Question: How do you determine chop with this system? And, do you always wait until you're in a run to enter after the first retrace? Thanks ahead of time.

Do the triple ema dots repaint? Thanks