Average Daily Range Forex MT4 Indicator

The average daily range indicator displays the volatility of any currency pair in a handy dashboard on the Metatrader 4 chart.

It displays the ADR volatility in pips for the following time periods:

5 days, yesterday, weekly, monthly and 180 days.

Furthermore, it also calculates and provides you with the following interesting data:

  • Today high price
  • Today low price
  • ADR high
  • ADR low
  • Pips to today high
  • Pips to today low
  • Pips to ADR high
  • Pips to ADR low

This Metatrader 4 indicator does not provide any trading signals.

Feel free to explore the ADR volatility indicator’s different parameters and settings to create your own personalized indicator setup.

Download This MT4 Forex Indicator Free

Download the “Average Daily Range.ex4” Metatrader 4 indicator

Average Daily Range Forex Indicator Chart

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

This indicator works for any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With The Average Daily Range Forex Indicator

This volatility MT4 indicator does not send out any buy and sell signals.

Combine with your existing trading system or Forex strategy!

Download This Forex Indicator Now

Download the “Average Daily Range.ex4” MT4 indicator

Adjustable Parameters

Show daily high low lines, show mini ADR, colors, width, style.

Usage

The indicator can’t be used as a stand-alone signals indicator.

Combine with:

  • Trading oscillators (MACD, Stochastic, DeMarker,…)
  • Trend indicators (Moving Average, Bollinger Bands, ADMI, Parabolic SAR,…)
  • 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: volatility

Installation

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

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

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