RobotFX MTF Average Daily Range (ADR) indicator

Download from https://robotfx.org/

Multi time-frame Average Daily Range indicator for Metatrader

This shows, in a separate window, the ADR (average daily range) for the previous day, the average of the previous 5 days, then 10 and 20 days. However, you can change the number of days the ADR is calculated. Instead of 5,10,20 days you could choose, for example, 10, 20, 30 days. It all depends on what you need to know and your trading style.

What makes this better than other ADR indicators is the fact that it shows the ADR for multiple time periods. Also, it doesn’t display the information on the chart, but in a separate window, without creating any distractions. On the right side there’s also the daily high/low.



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