OPEN-SOURCE SCRIPT

ADR Table BY @ICT_YERO

ADR Table BY @ICT_YERO
Created by: @ICT_YERO


This custom indicator is designed to provide the Average Daily Range (ADR) for multiple timeframes, including Daily, 4-Hour, and 1-Hour. The indicator is tailored to assist traders in understanding price volatility and making informed trading decisions.

Key Features
Multi-Timeframe ADR Calculation:

Automatically calculates and displays the ADR for Daily, 4-Hour, and 1-Hour timeframes.
Helps traders identify potential price movement ranges for different trading sessions.
Dynamic Range Visualization:

Clear visual representation of the ADR on the chart, making it easy to spot price extremes.
Real-time updates to reflect changes in price movement.
Custom Alerts:

Option to set alerts when the price approaches the ADR high or low.
Useful for identifying potential reversal zones or breakout opportunities.
User-Friendly Interface:

Simple and intuitive settings to customize colors, levels, and display preferences.
Seamlessly integrates with your existing TradingView setup.
ICT-Inspired Methodology:

Designed for traders who follow ICT concepts, focusing on precision and high-probability setups.
Applications
Range Trading: Helps determine the high and low boundaries for scalping or intraday setups.
Volatility Analysis: Understand market behavior during different times of the day or week.
Reversal Zones: Identify areas where price is likely to reverse, based on ADR extremes.
Whether you're a scalper, day trader, or swing trader, this indicator provides a comprehensive overview of price volatility across multiple timeframes, making it an essential tool for your trading arsenal.






Average True Range (ATR)statistics

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