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

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

If the price approaches ADR High, it indicates buyer weakness, suggesting a potential price reversal or correction. Conversely, if the price nears ADR Low, it may indicate weakness among sellers.

Indicator Specifications Table

The table below summarizes the key features of this indicator:

Category	Trading Tool - Support & Resistance - Risk Management
Platform	MetaTrader 5
Skill Level	Intermediate
Indicator Type	Reversal - Range-Based
Timeframe	Multi-Timeframe
Trading Style	Intraday Trading
Market	Cryptocurrency - Forex - Stocks

ADR in an Uptrend

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

In such conditions, the probability of a bullish reversal increases, and this level might act as daily support.

ADR in a Downtrend

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

This level may act as daily resistance. Traders should look for reversal candlesticks or declining buying volume to improve their analysis accuracy.

ADR Indicator Settings

The following image displays the complete settings of the ADR Indicator:

• Period for ATR: Sets the ATR calculation period for defining levels
• Line Style: Determines the indicator line style
• Line Width: Sets the line width
• Line Color: Defines the line color

Conclusion

The Average Daily Range (ADR) Indicator not only enables traders to identify the daily high and low price ranges but also plays a key role in precisely planning entry and exit points.

Combining the ADR Indicator with other technical analysis tools, such as Buy Sell Pressure indicators, can help traders better identify reversal or trend continuation zones.