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Average Daily Range SR

5

Average Daily Range (ADR) SR is an indicator which shows how far a currency pair can move in a day. It can be used to find hidden support and resistance levels (SR), estimate effective profit and stop loss targets, and provide short term trade signals from the hidden SR levels.

Features

  • Automatically plots on the chat, the top and bottom of the ADR value (i.e. a horizontal channel) which acts as Support and Resistance Levels
  • Automatically calculates the percentage of the ADR reached by the currency pair in a day
  • Fully customisable, including the Period


How it Works

The Average Daily Range (ADR) works by calculating the average range for a defined period. By applying the calculated ADR value to the high or to the low of the trading day, the ADR lines can be plotted. This ADR indicator quickly provides you with a picture of the current trading range in relation to the average trading range for a specified period. Example, EURUSD has moved an average of 100 pips in the last 14 days, but has only moved 40 pips for the current day. This means that EURUSD is trading below its potential at the moment. This can provide the trader with useful information regardless of the strategy employed. In this indicator, the standard period of 14 is used. The period can be set to any value desired by the user.

Uses

The ADR indicator can be used in the following ways:

  • Setting Stop Loss and Take Profit: For Example, if the ADR value for a currency pair is 100 pips, one may think of exiting a trade as the market moves close to the ADR value.  
  • Short term trade: The ADR lines can be used as a zone to find reversal trades. If the currency pair reaches the top or bottom of the ADR range, then it could be due for a reversal. Watch for reversal signals to capture a potential retracement. Similarly one can find breakout trades. If the price action breaks through the top or bottom of the ADR line, in this case, you may want to enter a trade in the direction of the breakout.
  • Support and Resistance: The top and bottom of the ADR range can act as support and resistance levels. This lines are automatically plotted by the indicator

Input Parameters:

The following input parameters are customisable: 

Location: The input value determines where the ADR information is displayed on the chat

Font Size, colour: parameters to adjust the ADR information

Period: Number of days used to calculate the ADR

ShowADRLine: shows the ADR top and bottom lines

ADRLine/Color/Style/Width: = parameters to control the visual aspects of the ADRLine

 


İncelemeler 1
Robert Torres Jr
1704
Robert Torres Jr 2021.05.01 19:00 
 

I love the ADR indicator. It does not clutter my chart with old ADR just the new average. I can see if my trade is at the beginning of the range or the end. I can know if my entries and exits are good. This is absolutely wonderful!

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ŞU ANDA %31 INDIRIMLI !!! Yeni Başlayanlar veya Uzman Tüccarlar için En İyi Çözüm! Bu gösterge benzersiz, yüksek kaliteli ve uygun fiyatlı bir ticaret aracıdır çünkü bir dizi tescilli özellik ve gizli bir formül ekledik. Yalnızca BİR grafikle 28 döviz çiftinin tümü için Uyarılar verir. Yeni bir trendin veya scalping fırsatının tam tetik noktasını belirleyebildiğiniz için ticaretinizin nasıl gelişeceğini hayal edin! Yeni temel algoritmalar üzerine inşa edilen bu sistem, potansiyel işlemler
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Bernhard Schweigert
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CURRENTLY 26% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potenti
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NAM TECH GROUP, CORP.
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MT4 Multi-timeframe Order Blocks detection indicator. Features - Fully customizable on chart control panel, provides complete interaction. - Hide and show control panel wherever you want. - Detect OBs on multiple timeframes. - Select OBs quantity to display. - Different OBs user interface. - Different filters on OBs. - OB proximity alert. - ADR High and Low lines. - Notification service (Screen alerts | Push notifications). Summary Order block is a market behavior that indicates order collection
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Order block hunter indicator is the best indicator for  hunt the order blocks that area where there has been a large concentration of limit orders waiting to be executed Order blocks are identified on a chart by observing previous price action and looking for areas where the price experienced significant movement or sudden changes in direction .This indicator does that for you by using very complicated codes and helps you to take the best areas To buy and sell because it make marks at the best a
Backtest and Read Overview before purchase. Chart patterns have been a topic of debate among traders; some believe they are reliable signalers, while others do not. Our Chart Patterns All-in-One indicator displays various chart patterns to help you test these theories for yourself. The profitability of these patterns is not a reflection of the indicator's effectiveness but rather an evaluation of the patterns themselves. The Chart Patterns All-in-One indicator is an excellent tool for visualizin
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William Jidekene Igwe
Entry and Exit indicator simplifies the trading process by automatically providing the entry price and the take profit price with the appropriate stop loss. The indicator constantly monitors the market for the right entry conditions and send outs signals via push notifications to the trader's mobile phone or pc as desired. Hence a trader do not need to watch the chart all day but only act when signals are sent. This indicator is built around the 'H4 Engulfing System' and the 'Triple Stochastic S
Psychological or Round Levels indicator automatically draws lines or zones at the psychological levels (00 or 50) as the market moves.  New lines are drawn as the market moves while the old lines are deleted. This ensures that your chart is clutter-free. The user specifies the number of lines preferred on the chat, and the indicator keeps the number of lines constant. The indicator plots two types of levels, the Main Level (00 levels e.g. USDCAD 1.33000, 1.34000) and the Sub Level (50 levels -
Average Daily Range (ADR) with Support  (S) and Resistance (R) Levels is an indicator which shows how far a currency pair can move in a day. It can be used to find hidden support and resistance levels, estimate effective profit and stop loss targets, and provide short term trade signals from the hidden S and R levels. Features Automatically plots on the chat, the top and bottom of the ADR value (i.e. a horizontal channel) which acts as Support and Resistance Levels Automatically calculates the
Round Number Drawer
William Jidekene Igwe
The Round Number Drawer is an indicator that automatically draw lines or zones at the psychological levels (00 or 50) as the market moves.  New lines are drawn as the market moves while the old lines are deleted. This ensures that your chart is clutter-free. The user specifies the number of lines preferred on the chat, and the indicator keeps the number of lines constant. The indicator plots two types of levels, the Main Level (00 levels e.g. USDCAD 1.33000, 1.34000) and the Sub Level (50 levels
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Robert Torres Jr
1704
Robert Torres Jr 2021.05.01 19:00 
 

I love the ADR indicator. It does not clutter my chart with old ADR just the new average. I can see if my trade is at the beginning of the range or the end. I can know if my entries and exits are good. This is absolutely wonderful!

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