Average Daily Range SR

Average Daily Range (ADR) SR is an indicator which shows how far a currency pair can move in a day. It can be used to find hidden support and resistance levels (SR), estimate effective profit and stop loss targets, and provide short term trade signals from the hidden SR levels.

Features

• Automatically plots on the chat, the top and bottom of the ADR value (i.e. a horizontal channel) which acts as Support and Resistance Levels
• Automatically calculates the percentage of the ADR reached by the currency pair in a day
• Fully customisable, including the Period

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