Average daily range indicator
Understanding market volatility is key in Forex trading, and the Average Daily Range (ADR) is a crucial metric for this. While tools like ATR and ADR are common, they often lack precision for real-time decision-making.
That’s why we built the ADR Bar Indicator for MT5 — a simple yet powerful tool designed to give traders a clear, real-time view of the daily range.
It works in two modes:
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Static mode: calculates ADR from the day’s open, with clear 50% and 100% levels.
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Dynamic mode: calculates ADR from the current day’s High and Low for a more adaptive view.
A built-in pip counter shows how much of the ADR has been reached — helping traders spot exhaustion zones and make smarter entries and exits.
