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MT5 Average Daily Range Board

Average Daily Range with factor target and more functions (ADR)


Hello traders,




The upgraded ADR dashboard now is also for MT5 much more better and more convenient for day trader, try it to experience the good things!





How to use Average Daily Range (ADR) Indicator?

ADR is just a simple indicator tool to help trader identify the daily average range of an instrument. So for example we have the pairs EURUSD and that pairs usually makes a peak and bottom during the trading day and the point from the bottom to the peak point of this trading trading day create a range for that day, in which the pairs usually moves within it for example 80 pips ( 800 points so counted with the fifth digit), and the distance from these two points from bottom to peak is measured in points; we have created that indicator based on the idea of the custom ATR indicator but we illustrate the products on a dashboard  with digits to see; furthermore we add the functions for taking periods in days as average to calculate and also the alert functions, which will send to trader a notice that the usually average daily range of that instrument has been triggered. The illustration on a dashboard and the calculation thereof help the day trader a quick idea how many pips the instruments still have the free space to move up/down for the trading day. 


ADR Settings

Symbols to put, each symbol must be separated with a comma;
Period: put number in day, 1= one day average calculate, 2= two days average calculate and so on...
Time frames: Hourly, Daily and Weekly, which will measure the range of hours counted from the current candle to the set periods, for example: chose hourly and put 5, means a range of 5 hours will be measured. So the same calculating for daily and weekly. Try it to experience.
Factor: That means a set average period of range can put addition target factor you prefer to; for example: average of daily range for EURUSD for 50 periods of day would be 100 pips, you put factor 1.5 then your target will be 150 pips to send alert.
Click on symbol: On the dashboard, just click on the Symbol, it will lead you to the chart of that symbol/open the chart window of that symbol. Just try it to experience.
Position settings: you can set the dashboard to the corner of the chart window you prefer to.
BG: select your own background color
Alerts: On/off


Alert and notification options

Show pop-up messages - Set "true" to receive pop-up notifications
Send an e-mail - Set "true" to receive a notification e-mail
Send mobile notifications - Set "true" to receive mobile notifications
Play an alert sound - Set "true" to receive an audible notification
 

Display on chart



Dashboard with

Symbols name
Average Range
Today has moved in XYZ points up to now


Happy Trading!

 Tradingscenes

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MetaBands verwendet leistungsstarke und einzigartige Algorithmen, um Kanäle zu zeichnen und Trends zu erkennen, sodass es Tradern potenzielle Punkte für den Einstieg und Ausstieg aus Trades bieten kann. Es ist ein Kanalindikator sowie ein leistungsstarker Trendindikator. Es umfasst verschiedene Arten von Kanälen, die einfach durch Verwendung der Eingabeparameter zusammengeführt werden können. MetaBands verwendet alle Arten von Warnmeldungen, um Benutzer über Marktereignisse zu informieren. Funkt
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
Malaysian SNR Levels
Matthias Horst Pieroth
This indicator can be used to display Support and Resistance levels according to  the  Malaysian SNR concept , in which Support and Resistance are exact levels of a line chart. Malaysian SNR There are 3 different horizontal levels in Malaysian SNR: A-Level : This level is located at the peak of this line chart. (shape looks like the letter A) V-Level : Level at the valley of a line chart, (shape looks like the letter V) Gap-Leve l: This level is located at the Close/Open gap between two cand
The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Get valuable insights out of currencies, equities and commodities data. Gain an edge trading financial markets. Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker charts including split structures. Versatile segmentation and compositing methods. Static, dynamic and flexible ranges with relative and/or absolute visualizations. Lay
Account Graph MT5
Kyra Nickaline Watson-gordon
5 (1)
An indicator to draw a graph of account current and historical state such as Balance, Equity, Margin, Free Margin, Margin Level, Drawdown, Account Profit, Deposit and Withdrawals. Indicator Inputs : Draw Balance Graph Draw Equity Graph Draw Margin Graph Draw Free Margin Graph Draw Margin Level Graph Draw Drawdown Graph Draw Account Profit Graph Hide Data on Chart and Buffers Connect Gaps by Lines Sign of DDs on Profit Sign of DDs on Loss Tips : The Indicator will draw historical balance gra
Der Forex TPA Indikator deckt die wahren Aktionen der Marktmacher auf, immer dann wenn sie passieren. "Kämpfe nicht gegen die Marktmacher an, sondern folge ihnen", ist wohl der beste Rat, den ein Trader bekommen kann. Der TPA Indikator zeigt jedesmal seine Signale an wenn die Bullen definitiv stärker sind als die Bären und umgekehrt. Dieser Indikator wurde VON Tradern FÜR Trader gemacht und ist 100% NICHT NACHZEICHNEND! Signale werden STRENG am Schluss einer Kerze  generiert. Das sagen unsere Ku
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The idea of this trading system from the EMA with a Mediante price from the EMA indicators is based exactly 100% from Ripster47 trading system, me is just the person to create it on the MT5 platform, but with alerts for your own buy/sell settings.  Hereby I make a copy from Ripster47 explanation for using that system: " EMA  Cloud By Ripster EMA  Cloud System is a Trading System Invented by Ripster where areas are shaded between two desired EMAs. The concept implies the  EMA  cloud area
Swing & Price Action Trader ( SPA Trader)   How to trade with SPA Trader? SPA Trader is a very special tool for both Automatic  and Semi-Automatic trading . It works as an Indicator and Expert Advisor to trade fully automatic, if trader sets it to true and  by false setting , then it will trade when trader enter into the position via SPA Trader manually, but the money management and risk management functions remain automatically to manage the opened positions for trader... The SPA Trader is th
Average Daily Range with factor target and more functions (ADR) Hello traders, The upgraded ADR dashboard is much more better and more convenient for day trader, try it to experience the good things! How to use Average Daily Range (ADR) Indicator? ADR is just a simple indicator tool to help trader identify the daily average range of an instrument. So for example we have the pairs EURUSD and that pairs usually makes a peak and bottom during the trading day and the point from the bottom to
Tradingscenes Trading Panel     How will Trading Panel work ? Trading Panel is created as an Expert Advisor, which will enable traders to set pending orders, or mass pending orders in different types Limit orders with additional functions for taking profit as partial, trailing stop and also taking profit with differences price levels; let’s explain in every single functions for you as following parts: Read the full description here:   https://drive.google.com/file/d/10O10dBLLUcdT3MdPvKqO7L3CIF
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Version 1.3 2022.07.02
Upgraded the periods settings.
Version 1.1 2022.07.02
Upgraded new version for periods!