The Average Daily Range Info Panel indicator for Metatrader 4 provides useful ADR market insights at a glance.
The indicator pops up in the lower left corner of the activity chart as a small dashboard indicator.
It provides the following market info: ADR in pips for 5 days, yesterday, weekly, monthly and for 180 days.
What’s more?
Today’s high and low price, pips to today’s high, pips to today’s low, pips to ADR high and pips to ADR low.
This powerful market information might help traders to pinpoint entry and exit levels more accurately.
Free Download
Download the “Average Daily Range.ex4” indicator for MT4
Indicator Example Chart (EUR/USD M15)
How to trade with it (example)?
Please combine this market info indicator with any existing trading system or strategy for better trend prediction.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Corner settings, color settings & style
Indicator type: Market info
Repaint? Not applicable.
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Download the “Average Daily Range.ex4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Average Daily Range.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.