ADR = Average Daily Range

The ADR is a measure of volatility and is useful to describe whether an assets price action is outside the normal during a particular time. The daily range (highest price – lowest) can be compared to the ADR over a previous interval to signal potential entry and exit points for traders.

The ADR can be used over whatever interval one chooses, though a 20-day period is common. In stock market technical analysis, this period uses the previous 19 values—along with the current value—to calculate an averaged number for the daily trading range. This can help signal abrupt changes in price action and is useful in stock screeners.

ATR vs ADR

ADR uses the High and Low of each period to make a calculation whilst the ATR takes into account the High and Low relative to the previous closing price.
We recommend using the ADR for daily projections, stop loss & take profit areas.

ADR Fibo Lines


I modified "ADR.mq4" to display Fibo lines.
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edit 4/12/22:
Please download a newer version at:
viewtopic.php?p=1295464431#p1295464431

Thank you.

Banzai wrote: Mon Apr 11, 2022 1:45 pm I modified "ADR.mq4" to display Fibo lines.

Banzai, where have you been all this time?
People worried about you.
a) good to have you back
b) hope you are well
And now for something completely different:
don't you think this one asks for a button?

josi wrote: Mon Apr 11, 2022 3:21 pm don't you think this one asks for a button?

ADR Fibo Button (on or off)
--------------------------------------------------------
edit 4/12/22:
Please download a newer version at:
viewtopic.php?p=1295464431#p1295464431

Thank you.

ADR Fibo Button (on or off)

Please download this newer version.
I added more Fibo lines.

Banzai wrote: Wed Apr 13, 2022 4:06 am

I must say, this looks pretty impressive:

Banzai wrote: Wed Apr 13, 2022 4:06 am ADR Fibo Button (on or off)

Please download this newer version.
I added more Fibo lines.

Dear Banzai .. this is perfect. Is there anyways you can help to add the similar button to show history days. Like for checking.

Banzai wrote: Wed Apr 13, 2022 4:06 am ADR Fibo Button (on or off)

Please download this newer version.
I added more Fibo lines.

Hi Banzai.. thanks for the new version. Can I request for button to place in sub windows?

limevanilla wrote: Mon Jul 04, 2022 5:53 am Hi Banzai.. thanks for the new version. Can I request for button to place in sub windows?

ADR (Average Daily Range) indicator

Try this...

kvak wrote: Mon Jul 04, 2022 6:15 am Try this...

Thanks for your great work