Notably, changes in trade volume and momentum near the upper or lower ADR-level can indicate the beginning of a trend or reversal. Once you’re done, your trading chart should look similar to the example below.Īs you can see, that forex indicator plots two lines indicating the high and low daily range. The download link of the ADR MT4 indicator is placed at the bottom of this post. Sounds good? Let’s take a closer look at it and bring some practical trading examples. That way, it helps traders to forecast the take profit and stop-loss levels as well as the support and resistance levels. The ADR Indicator MT4 is a forex technical analysis gauge that measures the average daily range of the market for the current day.
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