TSR ADR Daily Range Display

This indicator plot rectangle of Average Day Range of different periods and therefore how far the market travels on average.

So the marked levels could be used as support / resistance levels or objectives.

The indicator uses 20 day average.

Converted from a MT4 indicator as requested in the ProBuilder english forum.

//PRC_TSR_DailyRange_display | indicator
//11.12.2018
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//translated from MT4 version

defparam drawonlastbaronly=true

if day<>day[1] then 
 startbar=barindex
 FIVE=0
 TEN=0
 TWENTY=0
 for i = 1 to 20 do
  if i<6 then
   FIVE=FIVE+(dhigh(i)-dlow(i))
  endif
  if i<11 then
   TEN=TEN+(dhigh(i)-dlow(i))
  endif
  TWENTY=TWENTY+(dhigh(i)-dlow(i))
 next
 FIVE = FIVE/10
 TEN = TEN/20
 TWENTY = TWENTY/40
 AV = (FIVE+TEN+TWENTY)/3
endif

HIDaily = dhigh(0)-(AV)
LOWDaily = dlow(0)+(AV)
HIDaily1 = dhigh(0)
LOWDaily1 =dlow(0)
HIDaily2 = dhigh(0)-(AV)*2
LOWDaily2 =dlow(0)+(AV)*2

drawrectangle(startbar,HiDaily,barindex,LOWDaily) coloured(128,0,0)
drawrectangle(startbar,HiDaily1,barindex,LOWDaily1) coloured(0,100,0)
drawrectangle(startbar,HiDaily2,barindex,LOWDaily2) coloured(0,44,9)
center=max(startbar+(barindex-startbar)/2,1)
drawtext("Top Daily Range",center,LowDaily2,Dialog,Bold,16) coloured(244,164,96)
drawtext("Bottom Daily Range",center,HiDaily2,Dialog,Bold,16) coloured(244,164,96)
drawtext("             High",barindex,dhigh(0),Dialog,Bold,16) coloured(154,205,50)
drawtext("             Low",barindex,dlow(0),Dialog,Bold,16) coloured(154,205,50)
drawtext("             Open",barindex,dopen(0),Dialog,Bold,16) coloured(244,164,96)
RETURN