Advanced ADR - PivotBoss

This Script comes straight from PivotBoss Masterclass. Script calculates compression and expansion of prices. ADR is calulated for user defined period and it is compared over 10 period. If the prices goes over 125% of average ADRin the look back period then current price is over expanded and reversal is in the corner. When Prices falls below 65% of average ADR then prices are under compression. Then you should look to position yourself in the direction of the expansion.

Expansion leads to compression. Compression leads to Expansion

Note di rilascio:

Updated Calculation to find if the prices are trading in narrow range over user defined period.

Note di rilascio:

Added Weekly and Monthly ADR

Note di rilascio:

Added option to define Narrow and Wide Range Percentage.

Note di rilascio:

Updated Version