• If this is your first visit, you will have to register before you can post. To view messages, please scroll below and select the forum that you would like to visits. Questions? Be sure to check out the Forum FAQ.

Announcement

Collapse
No announcement yet.

Partner 728x90

Collapse

ADR Average Daily Range

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    ADR Average Daily Range

    Hi,
    I am trying to setup my Average Daily Range for the last 7 days. According to what I read that is calculated by adding the daily high and the daily low, and then dividing that result by 7.

    While reading the forum I found that is build in NT8 and it's called ADXR, however in parameters it says:
    Interval 10, period 14

    I am using 8 ticks in my EURUSD charts.

    What are the values I would need to enter in my case?

    Sorry if this is a silly question. I am new to this and still trying to find my way around. Thanks a lot.
    Julio

    #2
    Hello Julio,
    Thanks for your reply.

    I don't think that the ADXR is what you are looking for. Below is the description of the ADXR which is similar to what you are looking for, but slightly different.

    Average Directional Movement Rating quantifies momentum change in the ADX. It is calculated by adding two values of ADX (the current value and a value n periods back), then dividing by two. This additional smoothing makes the ADXR slightly less responsive than ADX. The interpretation is the same as the ADX; the higher the value, the stronger the trend.
    It looks like the publicly available indicator in post 3 below however will work in NinjaTrader 7 for you.
    http://ninjatrader.com/support/forum...ad.php?t=15122

    Here is a basic guideline of how to Import NinjaScripts.
    To import NinjaScripts you will need the original .zip file.
    To Import
    1. Download the NinjaScripts to your desktop, keep them in the compressed .zip file.
    2. From the Control Center window select the menu File> Utilities> Import NinjaScript
    3. Select the downloaded .zip file
    4. NinjaTrader will then confirm if the import has been successful.
    Critical - Specifically for some NinjaScripts, it will prompt that you are running newer versions of @SMA, @EMA, etc. and ask if you want to replace, press 'No'
    BrandonNinjaTrader Customer Service

    Comment


      #3
      Thanks for your answer Brandon. I am using NT8. Would this script work for that platform?
      Thanks again,
      Julio

      Comment


        #4
        Originally posted by jfoppoli View Post
        Thanks for your answer Brandon. I am using NT8. Would this script work for that platform?
        Thanks again,
        Julio
        Just use the SMA of the Range, either in code, or on the chart, as the case may be.

        Comment


          #5
          Originally posted by koganam View Post
          Just use the SMA of the Range, either in code, or on the chart, as the case may be.
          Hi, thanks for the reply, but I have no idea what the SMA of the range? I am new to this and have no clue.

          Comment


            #6
            Originally posted by jfoppoli View Post
            Hi, thanks for the reply, but I have no idea what the SMA of the range? I am new to this and have no clue.
            If you are as completely clueless as you are implying, then the correct place to start is to RTFreeManual.

            Here is a link to videos and explanations of how to use indicators, including how to use one indicator as the input to another indicator. It also links to how to do the same in NinjaScript.

            ref: http://ninjatrader.com/support/helpG...indicators.htm

            Comment


              #7
              Thanks. I see that SMA is an indicator. So to get the 7 day ADR I should change the default 14 with a 7 and that's it, right?

              Comment


                #8
                Originally posted by jfoppoli View Post
                Thanks. I see that SMA is an indicator. So to get the 7 day ADR I should change the default 14 with a 7 and that's it, right?
                Pretty much. You use the Range as input to the SMA with a period of 7.

                Comment


                  #9
                  Thank you very much! I appreciate your help.

                  Comment


                    #10
                    Already posted in another section of this forum:

                    Comment

                    Latest Posts

                    Collapse

                    Topics Statistics Last Post
                    Started by pjsmith, Today, 09:58 AM
                    0 responses
                    1 view
                    0 likes
                    Last Post pjsmith
                    by pjsmith
                     
                    Started by akvevo, Today, 09:43 AM
                    0 responses
                    6 views
                    0 likes
                    Last Post akvevo
                    by akvevo
                     
                    Started by aprendiz, Today, 08:04 AM
                    1 response
                    2 views
                    0 likes
                    Last Post NinjaTrader_Jesse  
                    Started by Martin89, Today, 02:09 AM
                    4 responses
                    12 views
                    0 likes
                    Last Post Martin89  
                    Started by tallpaw, Today, 07:20 AM
                    3 responses
                    9 views
                    0 likes
                    Last Post NinjaTrader_PatrickG  
                    Working...
                    X