Monitor dayrange and calculate probability of continuation

[tortexal]

this script i have running as a strategy. It keeps track of current day range used versus average day range as well as calculates the probability of reaching the average day range and indicates possible over extension from ADR.

Enter the ADR (mean) and standard deviation.

Area above displays area above the current day range under the curve. Total area is total positive area of ADR under the curve.
Higher = % chance of current day range increasing
Over Ext = % chance you're running out of gas and are hitting support or resistance.

The only thing id like to have improved on this code, is the ability to find the High and Low of the session without having to load the strat/indicator before market open. So if mid day you load an AAPL chart, the code can automatically find the current day range. But i don't know how to code that. If someone does please feel free to make revisions and repost.

edit: fixed, it'll find the high and low at any time of day in current session, ty eDanny

This is a follow up to this post on finding over extensions of price

[eDanny]

Try the CurrentDayOHL indicator, or whatever it is called.

[tortexal]

thats awesome, forgot about that one

[anniebee]

this indicator fails to import!!!!

[sunny15]

This indicator failed to import. Please advise.. Thanks

[NinjaTrader_Bertrand]

sunny15 and anniebee - which exact error(s) were you getting on import?

Thanks

[sunny15]

The file cannot be imported because it is corrupt. I use NT7.

[NinjaTrader_Bertrand]

Would the one attached work for you?

[sunny15]

Yes, this one imported. Thank you very much.

[sunny15]

Its says that ADR is a strategy. When I try to add it to a chart "Strategies" is grey. How do I run the ADR strategy on a chart?

[NinjaTrader_Bertrand]

Its says that ADR is a strategy. When I try to add it to a chart "Strategies" is grey. How do I run the ADR strategy on a chart?

you're welcome, please ensure ChartTrader is turned off and that you're connected to your live feed / connection before attempting to access this feature.

[LexYao]

ADR indicator

I downloaded this: http://www.ninjatrader.com/support/f...4&d=1286793629
from the previous posts. However, it appears that this one is not an indicator, but a strategy and only accessible through the "strategy" tab.

Is there a script I can import that is an ADR indicator just like MACD, Bolinger Bands, etc.?
I am using NT7.

Lex

[NinjaTrader_Bertrand]

Lex, would unfortunately not be aware of a direct convert of this study to an indicator script.

[berkuut]

see

see my reply


complete post here

http://www.ninjatrader.com/support/forum/showthread.php?t=26996