Netsrac ADR Dashboard

4.92

ADR Dashboard for MT4 – Put Price Movements into Context

How far has a market already moved today? Is its current trading range unusually narrow or already close to its historical average? The ADR Dashboard helps you answer these questions at a glance – across multiple configurable markets or directly on a single asset’s chart.

What Does the Dashboard Show?

ADR stands for Average Daily Range: the average difference between a day’s highest and lowest prices. It measures the daily trading range, rather than the price change from the previous day.

The dashboard compares the current daily, weekly and monthly trading ranges with their respective historical averages. This helps you identify markets that have already made a substantial move and those that have remained relatively quiet.

For example, a reading of 80% of the average daily range means that today’s high-to-low range has reached four fifths of its historical average. It does not mean that only 20% of movement remains: an average is a reference value, not a fixed price limit.

How Can You Use This Information?

  • Assess extended movements: When a market has already covered much of its average range, you can evaluate a potential entry in the context of the movement that has already taken place.
  • Monitor quiet markets: A small range relative to the average can indicate a quiet trading session. This may be useful when looking for potential breakout setups.
  • Compare different time horizons: The daily, weekly and monthly views help you place short-term price movements within a broader context.

Reaching the average range is not, by itself, a reversal signal. Likewise, a narrow range does not automatically predict a breakout. Use the dashboard as an additional source of information within your own trading strategy.

Monitor Multiple Markets or Focus on One Chart

In Dashboard Mode, you can monitor your configured assets together. This makes it easier to compare markets and focus your attention on those that deserve a closer look.

In Single-Asset Mode, the indicator displays potential reversal areas directly on the chart. You can assess these statistical reference areas alongside current price action. They provide guidance, rather than guaranteed turning points.

Alerts for Your Defined Thresholds

When a configured threshold is exceeded, the dashboard can trigger an on-screen alert, send a push notification to your mobile MT4, or notify you by email. Push notifications and email require the corresponding settings to be configured in your terminal.

User Guide and Free Test Version

For a detailed explanation of the settings and controls, please see the user guide on my blog.

Please note: This indicator cannot be used in the Strategy Tester. The Market demo therefore cannot be used to evaluate it. Please use the free version of the ADR Dashboard for testing instead.

This product is the MT4 version. If you use MetaTrader 5, you can find the MT5 version here.

Reviews 14
En Shahdi
299
En Shahdi 2025.10.07 15:18 

Netsrac ADR Dashboard by Carsten Pflug is truly one of the best indicators I’ve ever used. It’s extremely helpful for reading market range, identifying continuation or exhaustion zones, and aligns perfectly with my own trading system. Carsten Pflug is an outstanding developer — very fast to respond, professional, and always willing to share useful tips whenever I ask questions. Thank you so much for this powerful indicator — it has really helped me make clearer and more confident trading decisions every single day!

MP_mpap
633
MP_mpap 2025.06.29 19:52 

The most complete dashboard available. Anyone working with ADR will be 100% satisfied! Highly recommended!

lauro1956
5893
lauro1956 2022.01.06 12:41 

Very good board mr Pflug ... complete and clear

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En Shahdi
299
En Shahdi 2025.10.07 15:18 

Netsrac ADR Dashboard by Carsten Pflug is truly one of the best indicators I’ve ever used. It’s extremely helpful for reading market range, identifying continuation or exhaustion zones, and aligns perfectly with my own trading system. Carsten Pflug is an outstanding developer — very fast to respond, professional, and always willing to share useful tips whenever I ask questions. Thank you so much for this powerful indicator — it has really helped me make clearer and more confident trading decisions every single day!

MP_mpap
633
MP_mpap 2025.06.29 19:52 

The most complete dashboard available. Anyone working with ADR will be 100% satisfied! Highly recommended!

wdbnz1
84
wdbnz1 2023.03.20 06:10 

A very good indicator, well-designed, and easy to use. Carsten responds to questions efficiently and is extremely helpful in clarifying the functionality of the Dashboard. I have been successfully live trading with the Dashboard for over a year and can highly recommend it. Good value for money!

lauro1956
5893
lauro1956 2022.01.06 12:41 

Very good board mr Pflug ... complete and clear

CasiousD
873
CasiousD 2021.11.16 20:15 

Best ADR indicator I have tried. Provides a ton of information that is almost entirely customizable, and all very useful. From determining the lookback periods individually for daily, weekly, and monthly ranges, previous day range and even a customized range of your own, to the customization of the lines drawn on the chart to represent each range, and the indications of how far away price is from the highs or lows of each range...this is such an in depth and valuable indicator. And the ability to use it as a dashboard with multiple instruments or just a single instrument on the current chart is great. Basically, you have unlimited flexibility with this indicator to pretty much set up this ADR indicator to suit whatever your trading style is.

Andrew Lee
2583
Andrew Lee 2020.10.20 23:48 

This ADR indicator is a brilliant. Love the dashboard view and the compact single currency option. The information is extremely well laid out and is a great asset to my trading tools. Support from Carsten is amazing - a small display issue I was experiencing was quickly resolved so 5+ stars for support if I could give it.

John Greydanus
804
John Greydanus 2020.08.28 05:31 

I totally agree with previous user comments = I am quite familiar with ADR indicators, and this is without a doubt the best and most powerful ADR indicator I have seen thus far. It takes a little time to learn how everything works, but the developer is very helpful to answer questions and to provide solutions if needed. I have complete confidence in this product and in the ability of the coder (Carsten) who created it. Highly recommended! And would like to add, not only most excellent as a Dashboard but also when applied to each individual chart. The price levels are great when in a trade, as daily and weekly target levels are clearly displayed, can't be beaten. I'll be buying for MT5 as well.

Ralph
230
Ralph 2020.08.17 04:45 

Phenomenal indicator, I highly recommend it!!

De Airelle
49
De Airelle 2020.05.28 03:55 

This is phenomenal!

Devonish
3303
Devonish 2020.04.21 13:19 

I think this is a very good tool, although it's taking a little time for me to understand the principles of how to apply this to my technical trading. Carsten is a very helpful developer who responds quickly. Update: Sept'20: New additions to the tool are very useful. Thank you for continued ongoing support and development.

Daniele Tosolini
294
Daniele Tosolini 2020.01.23 11:54 

Great dashboard!!! It still have some things to improve but it's a really good instrument I like it very much!!!

Carsten is also very helpful !!

cvdestyfx
2945
cvdestyfx 2020.01.22 17:56 

I am quite familiar with ADR indicators, and this is without a doubt the best and most powerful ADR indicator I have seen thus far.

It takes a little time to learn how everything works, but the developer is very helpful to answer questions and to provide solutions if needed.

I have complete confidence in this product and in the ability of the coder (Carsten) who created it. Highly recommended!

Ikechukwu Emmanuel Okaro
1003
Ikechukwu Emmanuel Okaro 2019.07.23 12:41 

This indicator is a must have for any serious trader. Welldone Carsten!

Arnel Arnao
2294
Arnel Arnao 2019.07.03 07:37 

Excellent Indicator. If you can add another column for the underlying trend short term and long term trend this will be a perfect indicator for level traders.

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