ADR% - Average Daily Range % For ThinkOrSwim

[captnops]

calculates the Average Daily Range (in percent) over the previous 20 periods and plots it in a chart

Hi folks,

I am looking for help coding this indicator into TOS:
GlinckEastwoot
https://in.tradingview.com/script/6KVjtmOY-ADR-Average-Daily-Range-by-MikeC-AKA-TheScrutiniser/
TIA

 

[samer800]

Hi folks,

I am looking for help coding this indicator into TOS:

H15/L15+H16/L16
https://forum.optuma.com/t/adr/5447
100*((H0/L0+H1/L1+H2/L2+H3/L3+H4/L4+H5/L5+H6/L6+H7/L7+H8/L8+H9/L9
+H10/L10+H11/L11+H12/L12+H13/L13+H14/L14+H15/L15+H16/L16+H17/L17+H18/L18+H19/L19)/20
-1)

and converting this:

GlinckEastwoot
https://in.tradingview.com/script/6KVjtmOY-ADR-Average-Daily-Range-by-MikeC-AKA-TheScrutiniser/
study(title="ADR% - Average Daily Range %", overlay=false)
Length = input(20, title="length")
dhigh = security(syminfo.tickerid, 'D', high)
dlow = security(syminfo.tickerid, 'D', low)
// formula amended, thanks to GlinckEastwoot
ADR = 100 * (sma(dhigh/dlow, Length) - 1)
plot(ADR, color=color.orange,title="ADR",linewidth=1)


TIA

check the below:

#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// Calculates Average Daily Range percentage over last 20 periods
#// Original: alpine_trader
#// Amended 08/12/20 by TheScrutiniser, MikeC on advise from GlinckEastwoot
#study(title="ADR% - Average Daily Range %", overlay=false)
# Converted by Sam4Cok@Samer800    - 02/2024
Declare lower;
input timeframe = AggregationPeriod.DAY;
input calcType = {Default "High/Low", "Average True Range"};
input Length = 20;#, title="length")
input AvgType = AverageType.SIMPLE;
input offset = 0; #, title="Offset", type=integer, minval=0)


def na = Double.NaN;
def last = isNaN(close);

def dhigh = high(Period = timeframe)[offset]; #syminfo.tickerid, 'D', high)
def dlow  = low(Period = timeframe)[offset]; #(syminfo.tickerid, 'D', low)
def dclose = low(Period = timeframe)[offset]; #
def dopen = open(Period = timeframe)[offset]; #
#// formula amended, thanks to GlinckEastwoot
def hilo = dhigh/dlow;
def tr = TrueRange(dhigh, dclose, dlow) / 2;
def atrHiLo = (dopen + tr) / (dopen - tr);
def range = if calcType==calcType."High/Low" then hilo else atrHiLo;
def avg = MovingAverage(AvgType, range, Length);
def ADR = 100 * (avg -1);

plot DailyADR = if last then na else ADR; #, color=color.orange,title="ADR",linewidth=1)
DailyADR.SetLineWeight(2);
DailyADR.SetDefaultColor(Color.ORANGE);

#-- END of CODE