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Adr indicator mt4 mobile11/3/2023 I also included a percentage of current ADR as well as changed the color to red once ADR was hit. While I liked that I thought it could be improved upon by determining orderflow and anchoring to the perceived low of day to give you a more realistic target. On the MT4 version it would project ADR targets on the high and low side. I also noticed that the way most people were doing the ADR calculation using SMA was not always accurate and that bothered me so I decided to write one from scratch which gave a very specific ADR calculation. The Daily Range Indicator for MT4 (Metatrader 4), also called Average Daily Range (ADR) indicator, is a fundamental tool for day traders that calculates the average daily range, along with chosen confidence levels, so that you can better estimate the daily volatility. I always liked the MT4 ADR indicator that was going around but never found a decent port of it in tradingview.
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