ENG) The corresponding indicator is ADR BOX. ADR stands for Average Daily Range, which is the average of a daily range.
principle)
With daily range = high - low, the box is calculated using the difference between high and low points. A 10-day Day Range is considered.
option)
- The High Line Range Set is the upper line and acts as a resistance.
- The Low Line Range Set acts as a support for the lower line.
- Middle Line Range Set finds the average readable by the center line.
You can set the background for each Range.
- Trend BG Set calculates the background about the trend.
It is recommended to use the default values.
When customizing, the High Line Range Set and Low Line Range Set are not touched, It is recommended to adjust the Middle Line Range Set and Trend BG Set.
Example of optional function)
time frame)
Even if you change the timeframe, the plotted position remains the same. So it doesn't matter which timeframe you use.
trading method)
Use the upper and lower lines as support and resistance, Use the centerline as a flow reading to determine which side of the day is the strongest.
reference)
You are solely responsible for any trading decisions you make.
How to use)
You can only use it as a favorite without invitation permission. Tap Add Indicator to Favorites at the bottom of the indicator. If you click the indicator at the top of the chart screen and look at the left tab, there is a Favorites tab. Add an indicator by clicking the indicator name in the Favorites tab.