ADR Bar Indicator in MetaTrader 5 – Free Download [TradingFinder]

ADR bar indicator technical analysis is used as a specialized tool to measure the average daily range of price changes in financial markets.

The indicator provides an accurate check of the daily range of motion through two modes of operation in the settings section:

• Static Mode : Calculated based on the opening price of the day, and drawing 50% and 100% levels above and below the chart as a reference range.
• Dynamic Mode: This range is calculated based on the highest price/lowest price of the day, showing the actual price movement path up to the current moment with higher accuracy.

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 ADR bar indicator chart, several horizontal bars and a numerical panel appear, each of which is part of its calculation structure.

These components show daily price changes compared to the average daily range (ADR):

• 50% ADR Bar : Identifies the midpoint of the daily range and shows that the price is half the average daily move;
• 100% ADR Bar : Defines the final boundary of the daily range. When the price approaches this boundary, it indicates that most of the daily market capacity has been used;
• Current DR Section : Located in the upper right corner, showing the accurate daily changes in points;
• Percentage Section : Displays the percentage of the daily range that the price covers for the current chart record.

Chart Analysis Using the ADR Bar Indicator

The chart below shows the price of the NZD/CAD currency pair on a 15-minute time frame.

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

• 50% ADR Line : Marks the midpoint of the daily range, recorded at 0.80864.
• 100% ADR Line : Shows the full daily average range, located at 0.81110.
• Current DR Value : As shown in the upper right corner, shows that at the time the chart was captured, price had moved approximately 387 points, covering 78% of the daily moving average.

ADR bar indicator settings

The image below shows the settings panel of the ADR Bar indicator on the MetaTrader 5 platform:

• ADR Period : ADR calculation period
• Dynamic Range : Display dynamic range
• Panel Font Size : Display panel font size
• Color of 100% Line : Display the color of 100% line
• Color of 50% Line : Display color of 50% line
• Vertical Line Color: Display 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.

This trading tool operates in static and dynamic modes, displaying daily mileage and remaining mileage numerically and visually. The 50% and 100% reference lines and the “ Current DR ” and “ Percentage ” values ​​create an accurate framework for evaluating day-to-day market movements.