to calculate the average daily range in pips you need to have a pip range for each day in a range of days you want to have this average. If you want to have an average daily range on a weekly basis then you need to have 5 days daily range.
The maximum average daily range for this currency pair is 279 which is related to 2015, and the minimum adr for it is 167, excluding 2019, which is related to 2018.
for example, if the adr shows you that a forex pair has an average daily range of 85 pips, then it might be wise to tighten up your target if a price move has achieved or is close to this expected range.
so, for example, if i input in x100, then the indicator would say in the upper left corner of the chart something like average daily range on eurusd during the last 100 days has been 95 pips. Moreover, it would be great if i could also filter the average move range for a specific time within the day.
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