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MT5 Average Daily Range Board

Average Daily Range with factor target and more functions (ADR)


Hello traders,




The upgraded ADR dashboard now is also for MT5 much more better and more convenient for day trader, try it to experience the good things!





How to use Average Daily Range (ADR) Indicator?

ADR is just a simple indicator tool to help trader identify the daily average range of an instrument. So for example we have the pairs EURUSD and that pairs usually makes a peak and bottom during the trading day and the point from the bottom to the peak point of this trading trading day create a range for that day, in which the pairs usually moves within it for example 80 pips ( 800 points so counted with the fifth digit), and the distance from these two points from bottom to peak is measured in points; we have created that indicator based on the idea of the custom ATR indicator but we illustrate the products on a dashboard  with digits to see; furthermore we add the functions for taking periods in days as average to calculate and also the alert functions, which will send to trader a notice that the usually average daily range of that instrument has been triggered. The illustration on a dashboard and the calculation thereof help the day trader a quick idea how many pips the instruments still have the free space to move up/down for the trading day. 


ADR Settings

Symbols to put, each symbol must be separated with a comma;
Period: put number in day, 1= one day average calculate, 2= two days average calculate and so on...
Time frames: Hourly, Daily and Weekly, which will measure the range of hours counted from the current candle to the set periods, for example: chose hourly and put 5, means a range of 5 hours will be measured. So the same calculating for daily and weekly. Try it to experience.
Factor: That means a set average period of range can put addition target factor you prefer to; for example: average of daily range for EURUSD for 50 periods of day would be 100 pips, you put factor 1.5 then your target will be 150 pips to send alert.
Click on symbol: On the dashboard, just click on the Symbol, it will lead you to the chart of that symbol/open the chart window of that symbol. Just try it to experience.
Position settings: you can set the dashboard to the corner of the chart window you prefer to.
BG: select your own background color
Alerts: On/off


Alert and notification options

Show pop-up messages - Set "true" to receive pop-up notifications
Send an e-mail - Set "true" to receive a notification e-mail
Send mobile notifications - Set "true" to receive mobile notifications
Play an alert sound - Set "true" to receive an audible notification
 

Display on chart



Dashboard with

Symbols name
Average Range
Today has moved in XYZ points up to now


Happy Trading!

 Tradingscenes

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PZ TRADING SLU
5 (5)
Protect against whipsaws: revolutionize your swing trading approach Special Offer: Purchase now to receive free bonuses worth $135! (Read more for details) Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market i
Legacy of Gann for MT5
Pavel Zamoshnikov
5 (5)
The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
L'indicatore mostra la direzione del trend da più timeframe in un'unica finestra. Se il trend di diversi timeframe coincide, vengono disegnate delle frecce. È anche possibile passare all'istogramma, che indica il trend sul timeframe corrente. L'indicatore disegna sul grafico i punti di entrata e i punti di uscita approssimativi. Attenzione: poiché l'indicatore è multi-timeframe, quando lo si utilizza nel tester della strategia è necessario scaricare in anticipo le quotazioni per tutti i timefr
Royal Scalping Indicator M5
Vahidreza Heidar Gholami
5 (6)
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
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Swing & Price Action Trader ( SPA Trader)   How to trade with SPA Trader? SPA Trader is a very special tool for both Automatic  and Semi-Automatic trading . It works as an Indicator and Expert Advisor to trade fully automatic, if trader sets it to true and  by false setting , then it will trade when trader enter into the position via SPA Trader manually, but the money management and risk management functions remain automatically to manage the opened positions for trader... The SPA Trader is the
Average Daily Range with factor target and more functions (ADR) Hello traders, The upgraded ADR dashboard is much more better and more convenient for day trader, try it to experience the good things! How to use Average Daily Range (ADR) Indicator? ADR is just a simple indicator tool to help trader identify the daily average range of an instrument. So for example we have the pairs EURUSD and that pairs usually makes a peak and bottom during the trading day and the point from the bottom to the
Tradingscenes Trading Panel     How will Trading Panel work ? Trading Panel is created as an Expert Advisor, which will enable traders to set pending orders, or mass pending orders in different types Limit orders with additional functions for taking profit as partial, trailing stop and also taking profit with differences price levels; let’s explain in every single functions for you as following parts: Read the full description here:   https://drive.google.com/file/d/10O10dBLLUcdT3MdPvKqO7L3CIFR
The EMA Cloud
Minh Nguyen Nam
The idea of this trading system from the EMA with a Mediante price from the EMA indicators is based exactly 100% from Ripster47 trading system, me is just the person to create it on the MT5 platform, but with alerts for your own buy/sell settings.  Hereby I make a copy from Ripster47 explanation for using that system: " EMA  Cloud By Ripster EMA  Cloud System is a Trading System Invented by Ripster where areas are shaded between two desired EMAs. The concept implies the  EMA  cloud area serv
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Versione 1.3 2022.07.02
Upgraded the periods settings.
Versione 1.1 2022.07.02
Upgraded new version for periods!