@BTCVIX Thank you for the explanation. What do you think about this ADR indicator?
https://www.tradingview.com/script/dBUjNebA-5-Day-Average-Daily-Range/ …
@BTCVIX @CryptoCryptics i have it set to 5 day's ... seems to align with some orderblocks
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@CryptOrca@BTCVIX I just tested [RS]ADR channel V0 with 5 as 'time window' and to my eyes the other script coded by IamTheDudeMan is better -
@CryptoCryptics@BTCVIX ah oke will try that on out. -
@CryptOrca@BTCVIX ADR was a great recommendation 2 hours of experimenting and coding later :) https://www.tradingview.com/x/Jr01FSJP/ (not! hand drawn!) -
@CryptOrca@BTCVIX S&P 500 https://www.tradingview.com/x/o9DxP36t/ ADR gives you a clue how big the next move might be and which direction is more likely -
@CryptoCryptics@CryptOrca explain what I am looking at -
@BTCVIX@CryptOrca That's my custom calculation using ADR as source to determine price averages. -
@BTCVIX@CryptOrca it's looking so strange, because I decided to code that it only show the line, when the price average changes
End of conversation
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