Description
Hi all.
Here an indicator to print the average daily range just as a number (+ current range of today, adr + 50%, adr + 100%).
Update: Made it a bit more user friendly, by adding some more parameters (switch for daily timeframe/current timeframe and customizable colors). Personally I only need daily ranges and like the default colors. But perhaps someone else wants to see these ranges on other timeframes and/or wants to change the colors, because of a bright background...
Cheers, Dirk
// -------------------------------------------------------------------------------------------------
//
// ADR - Average Daily Range
//
// -------------------------------------------------------------------------------------------------
using System;
using cAlgo.API;
using cAlgo.API.Internals;
namespace cAlgo.Indicators
{
[Indicator(IsOverlay = true, AccessRights = AccessRights.None)]
public class myADR : Indicator
{
[Parameter("ADR Period", DefaultValue = 5, MinValue = 1, MaxValue = 999)]
public int adr_period { get; set; }
[Parameter("Color Label", DefaultValue = "Lime")]
public string color_label_str { get; set; }
[Parameter("Color Text", DefaultValue = "White")]
public string color_value_str { get; set; }
[Parameter("Timeframe Daily", DefaultValue = true)]
public bool timeframe_daily { get; set; }
private MarketSeries mseries;
private Colors color_label;
private Colors color_value;
protected override void Initialize()
{
if (!Enum.TryParse(color_label_str, out color_label))
color_label = Colors.Lime;
if (!Enum.TryParse(color_value_str, out color_value))
color_value = Colors.White;
if (timeframe_daily)
mseries = MarketData.GetSeries(TimeFrame.Daily);
else
mseries = MarketSeries;
}
public override void Calculate(int index)
{
if (!IsLastBar)
return;
int index_last = 0;
double range_today = 0;
double range_adr = 0;
double range_adr_150 = 0;
double range_adr_200 = 0;
string tf_str = "";
index_last = mseries.Close.Count - 1;
range_today = (mseries.High[index_last] - mseries.Low[index_last]) * Math.Pow(10, Symbol.Digits - 1);
range_today = Math.Round(range_today, 0);
for (int i = index_last; i > index_last - adr_period; i--)
range_adr += (mseries.High[i] - mseries.Low[i]) * Math.Pow(10, Symbol.Digits - 1);
range_adr /= adr_period;
range_adr = Math.Round(range_adr, 0);
range_adr_150 = range_adr * 1.5;
range_adr_150 = Math.Round(range_adr_150, 0);
range_adr_200 = range_adr * 2.0;
range_adr_200 = Math.Round(range_adr_200, 0);
tf_str = mseries.TimeFrame.ToString();
ChartObjects.DrawText("RLabels", "R" + tf_str + "\n" + "RAvg" + adr_period + "\n" + "R150" + "\n" + "R200", StaticPosition.TopLeft, color_label);
ChartObjects.DrawText("RValues", "\t" + range_today + "\n\t" + range_adr + "\n\t" + range_adr_150 + "\n\t" + range_adr_200, StaticPosition.TopLeft, color_value);
}
}
}
diran76
Joined on 05.12.2014
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: myADR.algo
- Rating: 5
- Installs: 9066
- Modified: 13/10/2021 09:54
Comments
Hi Dirk,
thanks for sharing.
One idea, put the range_adr, range_adr_150 and range_adr_200 calculation into the Initialise function otherwise there is a lot of unnecessary calculation on each tick.
Cheers
I got it!
Hi Ian, please change it to 'Black'.
http://ctrader.com/api/reference/colors - for further color names.
Regards, Dirk
Hi Dirk
Great indicator. I can not change the colour. I use a white back and do not seem able to chane the setting to black.
I'm I doing somthing wrong?
regards
Ian
You're welcome... I've added some further parameters, so it's a bit more customizable without editing it with the cAlgo environment.
Thanks Dirk, thumbs up.
Hey Dirk, killer indicator.!!!
How hard would it be to add % change from prev day (+Green/-Red) +
possibly % change from prev day week against the prev weekly ave.? :D