ADR Indicator

The ADR – Average Daily Range Indicator is a powerful volatility tool for MT4 that helps traders adapt their strategies to different market conditions. Instead of relying on the same trading methods in every situation, ADR provides insights into market volatility, allowing you to optimize your approach for both high- and low-volatility environments.

This free indicator calculates ADR values over 5, 10, and 20 periods, giving you a clear view of the current market situation. It also shows the distance of the top and bottom ADR levels from the current price directly on your chart for quick decision-making.

✨ Features of the ADR MT4 Indicator

📊 Three ADR Periods – 5, 10, and 20 to suit scalpers, day traders, and swing traders.
🎯 Smart Levels – Upper and lower ADR values act as dynamic support and resistance zones.
⚡ Breakout Detection – When price exceeds ADR, it signals increased volatility and potential trend change.
🔍 Trading Signals – Rising volume and momentum near upper ADR suggest a buy signal, while the same near lower ADR indicate a sell signal.
📈 Risk Management – Stop-loss can be placed beyond ADR levels, and profit targets within ADR for optimal hit probability.

📌 Benefits of Using ADR

Choose the best strategy depending on volatility (trend-following in high volatility, range trading in low volatility).
Improve risk-reward calculations by aligning stops and targets with ADR.
Identify potential support and resistance zones more accurately.
Increase profitability by avoiding unsuitable strategies during volatile sessions.

With the ADR MT4 Indicator, traders can fine-tune their strategy, improve risk management, and adapt to changing market conditions with confidence.

Input Settings & Controls

Show_ADR5 → Toggles display of the 5-day Average Daily Range.
Show_ADR10 → Toggles display of the 10-day Average Daily Range.
Show_ADR20 → Toggles display of the 20-day Average Daily Range.
Exclude Sunday Data → Option to ignore Sunday’s price data when calculating ADR values.

Devices Supported

Device Type	Operating System	Compatibility with TradingView
💻 Windows Laptop/Desktop	Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11	✅ Fully supported via app
🍏 MacBook / iMac	macOS 10.15+	✅ Fully supported via app
📱 Android / Mobile	Android OS	❌ Not supported

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