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also the Blahtech Daily variety indicator displays the average daily scope together with the stinks of sessions. employing the daily open cost as a benchmark, the indicator indicates the purpose of the fixed range and the dynamic range in the form of lines on the chart. These lines clearly reveal when there is a depletion of the middle range. Daily and session collections may be helpful for confirming entries or setting aims, and are also a great way to improve the chances of any trading system.

  • Daily ranges
  • The session ranges
  • Single or multiple ranges
  • Fixed and dynamic depletion lines on the chart
  • The allocation of large ranges
  • Custom goals and value selection
  • History test directly on the chart
  • Customizable alerts and messages
  • Ability to select a period for higher timeframes
  • Hot keys for quick access

The session ranges

  • Visible – Displaying the text of session ranges
  • Show Current – Displaying the current session range
  • Periods (days) – Number of days for an average session size
  • Session Names – Comma-separated list of session names
  • Session Schedules – Comma-separated list of session times
  • Highlight Ratio-Sessions-The relative percentage at which the session should be highlighted
  • Highlight Ratio-Current-Percentage value at which the current session should be highlighted
  • Text Color-Titles – The color of the title text
  • Text Color – Values – The color of the text of the values
  • Text Color-Highlight-Session – Color of the session highlight text
  • Text Color-Highlight-Current – Color of the current session’s highlight text
  • Zone Color 1 – Color for session 1
  • Zone Color 2 – Color for session 2
  • Zone Color 3 – Color for session 3
  • Zone Color 4 – Color for session 4
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Daily ranges

  • Number Ranges –Number of ranges for the image on the chart
  • Range Lines – Show / hide the fixed line, depletion line, and projection line on the chart. Hotkey “A”
  • Range Lines – Legends – Text to display under the lines-Projections/Timeframe. Hot key “”
  • First Range – Number of periods for the first range
  • Second Range – The second range
  • Third Range , the Third range
  • Fourth Range , the Fourth range
  • Average Range Calc Type – Type of calculated average range, Average Range / Average True range
  • Average Range Composition – Ranges used in calculating the average range
  • Timeframe – Period used in ranges (default is Daily)
  • Projections – Fixed – Size of the first fixed projection
  • Projections – Levels – Comma-separated list of other projections
  • Highlight Ratio-Current-Percentage value at which the current range should be highlighted
  • Text ADR Title – Text for the ADR header
  • Text Color-Titles – The color of the title text
  • Text Color Values – The color of the text of the values
  • Text Color ADR Value – Text color of ADR values
  • Text ColorHighlight – Current – Text color of the current selection
  • Lines Color High – Color of high lines
  • Lines ColorLow – Color of low lines
  • Line Style – Target – The style of the target line before depletion
  • Line Style – Exhausted – The style of the target line after the depletion
  • Line Style – Projections – Fixed-Fixed projection line style
  • Line Style – Projections – Levels – Line style of projection levels
  • Lines Projections – Fixed Thickness – Fixed thickness of the projection lines
  • Daily Range Start Hour (GMT) – Change the starting hour of the day
  • Roll Sunday Range – enable interval of the resurrection on Monday or Friday

Other parameters

  • Instance Id – the instance ID of the indicator
  • Text Font – the font of the text
  • Text Size – Titles / Values – Text size of titles/values
  • Text Size – Line Legends – Size of the text of the line captions
  • Text Spaces – Distance between the text
  • Text Start Column – Start column of text
  • Text Start Row – The start line of the text
  • Alerts-Popup-Pop-up notification
  • Alerts-Email-Email notification
  • Alerts-Notification-notification
  • Alerts – Sound Wav File-notification using an audio file .wav
  • Alert-Message Text-Messages with text
  • Alert Email-Subject-Subject of the email notification
  • Alert Email-Body Text – Body of the email notification
  • Hot Key Map – Card input hot keys on the keyboard allows the user to reassign hot keys
    • ” A ” Show / hide lines on the chart
    • ” B ” Enable / Disable History testing mode
    • ” C ” Removes all graphical objects of the Blahtech indicator from the chart. Pressing ” C ” again returns them
    • “R” Resets the indicator. (Resets history testing mode and all hotkey values)
    • “P ” Selects prices to the right of the chart lines
    • “”Show / hide caption text under lines
  • Backtest Mode Expire Time (mins) – Expiration time of the history testing mode in minutes before its cancellation (0 = unlimited)
  • GMT Offset – Use Daylight Savings – Change the time by 1 hour if the local computer has switched to winter / summer time
  • GMT Offset – Set the manual GMT offset in seconds if your broker’s server time does not match the expected session time
  • ” A ” Show / hide lines on the chart
  • ” B ” Enable / Disable History testing mode
  • ” C ” Removes all graphical objects of the Blahtech indicator from the chart. Pressing ” C ” again returns them
  • “R” Resets the indicator. (Resets history testing mode and all hotkey values)
  • “P ” Selects prices to the right of the chart lines
  • “”Show / hide caption text under lines

Our Useful Features & Services

Published

08 April 2016

Updated

19 June 2019

Current Version

2.8

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Marco Gundel December 29, 2020 7:06 am
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I have been trading the markets for quite some years now but just recently stumbled on the concept of Average Daily Ranges and it has changed my trading. This indicator is quite good and does not slow down my PC at all as so many different signs on MQL5. This is top notch quality. The creator of the index actually knows his stuff. He was also kind enough to make amendments or put additional features in. Will ADR call intraday market turns every time? Of course not….will it add structure to your trading and increase your chances of succeeding? . . .Absolutely! Good product that I can only advocate.

Ng Choong Huan December 29, 2020 7:05 am
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This indicator show lot of easy data, direct and precise. Enjoy it

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