ADR Bar Indicator in MetaTrader 4 – Free Download [TradingFinder]

The ADR bar indicator is an advanced technical analysis tool designed to measure the average daily range of price movements in financial markets.

The indicator allows tracking the daily price range through two separate operating modes in the settings section:

• Static Mode : Calculated starting from the opening price of the day, the 50% and 100% levels are displayed above and below the chart as the reference range;
• Dynamic Mode : The range is calculated based on the high/low price of the day, which can more accurately display the distance the price has moved to the current moment.

ADR bar indicator table

The general specifications of the ADR Bar indicator are shown in the table below.

ADR bar indicator at a glance

On the right side of the chart, the ADR Bar indicator displays multiple horizontal bars and a numerical panel, all of which form part of the indicator structure.

These components are designed to show daily price changes compared to the average daily range (ADR).

• 50% ADR Bar : This horizontal line marks the midpoint of the daily range and indicates that the price has reached half of its average daily range.
• 100% ADR Bar : This line marks the full range of the daily range, indicating that most of the daily market volume has been reached.
• Current DR Section : Displays the exact daily changes (in points) in the upper right corner.
• Percentage Section : Shows the percentage of the daily range covered by prices as of the current chart record.

Chart Analysis Using the ADR Bar Indicator

The chart below shows the S&P500 price on a 30-minute time frame.

The ADR Bar indicator calculates the daily range based on the previous average fluctuations and marks a reference line on the chart:

• 50% ADR Line : Shows the midpoint of the daily range, recorded at 6643.08.
• 100% ADR Line : Marks the full daily moving average range, located at 6617.99.
• Current DR Value : Displayed in the upper right corner of the chart, indicating that at the time the chart was captured, the price had moved approximately 4105 points, covering 78% of its daily moving average.

This numerical and visual display allows for a quick assessment of the market's movement energy.

ADR bar indicator settings

The image below shows the settings panel of the ADR Bar indicator on the MetaTrader 4 platform:

• ADR Period : ADR calculation period
• Dynamic Range : Display dynamic range
• Panel Font Size : Panel font size
• Color of 100% Line : Display the color of 100% line
• Color of 50% Line : Display the color of 50% line
• Vertical line color : Displays the color of vertical lines
• Color of Panel Text : Display the color of panel text
• Font Size of Line Text : Show font size of Line Text

Conclusion

The ADR bar indicator is a specialized tool that measures the average daily price range.

Through its static and dynamic modes, this trading tool displays daily mileage and remaining mileage numerically and visually. Reference lines (50% and 100%) as well as “ Current DR ” and “ Percentage ” values, which create a precise framework for evaluating market movements.