Haven Average Daily Range
- Indicators
- Maksim Tarutin
- Version: 1.6
- Updated: 17 June 2025
Haven Average Daily Range is a powerful and flexible indicator that calculates and displays the average daily range, providing traders with an indispensable tool for assessing volatility and potential daily price movements.
With the latest update, the indicator has become even more functional, adding the ability to analyze historical data directly on the chart!
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Key Features:
- Historical ADR Levels: Visualize ADR levels from past days directly on the chart for in-depth analysis and visual backtesting.
- Flexible Display Control: Take full control of the history display with the ShowHistory parameter. Enable it when you need analysis, and disable it for a clean chart.
- Performance Optimization: Set the exact number of days for history calculation with DaysToCalculate . This ensures maximum terminal performance, even on long timeframes.
- Multi-Period ADR Calculation: Classic calculation based on several periods (5, 10, and 20 days) for a smoothed and accurate value.
- Dynamic Style Change: The lines automatically change color and thickness when the daily range is reached, instantly drawing your attention.
- Customizable Visualization: Complete freedom to customize colors, styles, and line thickness for perfect integration into your trading system.
Application in Trading:
The ADR can be effectively used for making trading decisions in several ways. When the price approaches the upper ADR boundary, it can signal a potential exhaustion zone for buying, especially when combined with other signals. Similarly, reaching the lower ADR boundary may indicate buying opportunities. With the new functionality, you can instantly check how the price has reacted to these levels in the past!
The indicator also helps to assess the probability of further movement during the day. If the ADR has not yet been reached, there is a high probability of a continuing trend. After the ADR is reached (indicated by the change in line color), the probability of a reversal or consolidation increases.
Traders can use the ADR to set realistic profit targets and determine optimal stop-loss levels according to the instrument's current volatility. This helps to adapt the trading strategy to live market conditions.

good indicator. thanks for sharing