6 Time Period Average Daily Range MT4 Forex Indicator

The ADR, better known as the Average Daily Range Forex indicator for Metatrader 4 displays the ADR value for 6 different time periods.

It displays all ADR values directly on the activity chart for the following time periods: today, 1 day, 5 days, 10 days, 20 days and 60 days.

It gives you an idea about the currency pair’s volatility for the different time periods.

Some traders use the ADR values to calculate profit targets and stop loss placement.

Download This MT4 Forex Indicator Free

Download the “adr-sl-noline-indicator.ex4” Metatrader 4 indicator

6 Time Period Average Daily Range Forex Indicator Chart

Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.

You can apply the indicator to any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With Average Daily Range Technical Analysis Chart Indicator

This Metatrader 4 indicator does not generate any trading signals. Incorporate the ADR indicator into your own Forex system or combine with other technical indicators (trend following indicators, oscillators,..).

Download This Forex Indicator Now

Download the “adr-sl-noline-indicator.ex4” MT4 indicator

Adjustable Parameters

Risk to reward ratio, colors, width, style.

Usage

Combine with:

  • Trading oscillators (MACD, Stochastic, RSI,…)
  • Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
  • Price action methods and techniques

More Info About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT4

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: Average Daily Range

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

Share Now!