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.
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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!
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Show daily high low lines, show mini ADR, colors, width, style.
The indicator can’t be used as a stand-alone signals indicator.
- 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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.