IndicatorADR Indicators for MT4

1
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.
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