MT4 ADR statistics indicator

L

LCFXTRADER

This tool will provide you the average daily range statistics over a given sample period.

Here's what the data provides:

-Over a given sample period what the ADR was for both up & down days
-It counts the number of down days (red candle) & the number of up days (green candle) from the sample period
-It counts the number of times the high is set 1st on a down day (red candle)
-It provides the number of average hours it takes to set the high on a down day (red candle)
-It provides the average upper wick values & candle bodies for a down day (red candle)
-It provides the ADR for the down days (red candle) over the sample period
-It counts the number of times the low is set 1st on an up day (green candle)
-It provides the number of average hours it takes to set the low on an up day (green candle)
-It provides the average lower wick values & candle bodies for an up day (green candle)
-It provides the ADR for the up days (green candle) over the sample period
-It has an optional buy level with stop loss & take profit target based of the average wick values
-It has an optional sell level with stop loss & take profit target based of the average wick values
-It has an optional dashboard view for up to 23 currency pairs


The indicator cost $50. I can accept payment via paypal at txfxtrader@gmail.com
 

Attachments

Out of the last 5 up days (green candles) out of 10, only 40% put in a low before reversing & going higher. For the last 5 down days (red candles), 100% put in a high before reversing & going lower.
 
Quote from LCFXTRADER:

Out of the last 5 up days (green candles) out of 10, only 40% put in a low before reversing & going higher.
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What about other 60% ? They still have low of the day. What is your definition of "put in a low before reversing"
 
Quote from macroman:

What about other 60% ? They still have low of the day. What is your definition of "put in a low before reversing"
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If a low was made after the 00:00 GMT candle (1hr candle) close and then reverses I refer to that as putting in a low before reversing.

The other 60% made a low within the 1st hour.
 
is there any degradation in performance of platform when indicatior running?

Do you need to open charts for all these pairs?

Any particular timeframe?

do i get source code with the purchase ?
 
Quote from macroman:

is there any degradation in performance of platform when indicatior running?

Haven't noticed any, however, I am running it only on the EURUSD & GBPUSD.

Do you need to open charts for all these pairs?

Not for the dashboard view. You will need to have the indicator loaded on any of the pairs that you use the optional entries/stop loss/take profit levels.

Any particular timeframe?

1 HR

do i get source code with the purchase ?

Sent an email to my programmer to discuss this so I don't have an answer at this time.
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