Advanced ADR - PivotBoss

This Script comes straight from PivotBoss Masterclass. Script calculates compression and expansion of prices. ADR is calulated for user defined period and it is compared over 10 period. If the prices goes over 125% of average ADRin the look back period then current price is over expanded and reversal is in the corner. When Prices falls below 65% of average ADR then prices are under compression. Then you should look to position yourself in the direction of the expansion.

Expansion leads to compression. Compression leads to Expansion

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Updated Calculation to find if the prices are trading in narrow range over user defined period.

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Added Weekly and Monthly ADR

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Added option to define Narrow and Wide Range Percentage.

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Updated Version