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Average Daily Range calculation


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Hi guys,

I'm relatively new to this game and have a question the interweb doesn't seem to want to answer. I'm aware of the formulas for calculating the Average Daily Range of any given currency, but are the high's and low's taken from the times that the home stock exchange of the currency is trading (as I had assumed previously), or from an actual "24 hr" day period...(00.00 - 23.59)? Hope that makes sense. I ask because I notice the movement overnight prior to open if it's quite volatile kind of sits nicely with the ADR figure. For exampe, if EURUSD moved 30 pips throughout the night then there will only be around 70 left for the day when London opens.....

 

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