Forex Average Daily Range MT4 Indicator

Forex Average Daily Range MT4 Indicator:

About the Forex Average Daily Range MT4 Indicator

What is ADR?

Quite simply, ADR (Average Daily Range) is the average of price movement over a period of time.  It can be used as a gauge of how far price may move on any given trading day.

This indicator calculates 5, 10, 20 Average Daily Range

Features:

–  Average: Daily Range, Prev 1/5/10/20 days

– Calculator maximum stop loss/profit target by Risk/Reward percent of ADR in Pips.

– Candle countdown

Test results:

Forex Average Daily Range MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

Other forex trading Expert Advisors

Leave a Comment