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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