Average Daily Range (ADR) Indicator Download for MT5 - Free - [TFlab] - MetaTrader 5 Resources

The Average Daily Range (ADR) indicator is one of the most powerful tools in the MetaTrader 5 indicator suite . It is designed to analyze daily price fluctuations .

If the price is close to ADR High , it indicates buyer weakness , indicating the potential for a price reversal or correction . Conversely, if the price is close to the ADR Low , it may indicate seller weakness .

Indicator specification table

The table below summarizes the main characteristics of this indicator.

Indicator overview

ADR levels in this indicator are automatically plotted in orange , allowing analysts to use these areas to identify entry and exit points while effectively managing risk.

In summary, the ADR Indicator is a professional and efficient tool that provides a clear view of price range movements . It helps traders control risk and improve trading performance .

ADR in an Uptrend

If the price approaches ADR Low , it may indicate declining seller strength .

In this case, the probability of bullish reversal increases and this level may appear as daily support .

ADR in a Downtrend

Reaching ADR High suggests buyer strength is weakening . The likelihood of a price correction or trend reversal increases in this scenario.

This level can act as daily resistance . Traders should look for reversal candlesticks or buying volume drops to improve the accuracy of their analysis.

ADR indicator settings

The image below shows the complete setup of the ADR indicator :

• Period for ATR: Set the ATR calculation period for the defined level
• Line Style: Determine the indicator line style
• Line Width: Sets the line width
• Line Color: Define line color

Conclusion

The Average Daily Range (ADR) Indicator not only enables traders to determine daily high and low price ranges but also plays a key role in accurately planning entries and exits .