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ADR Reversal Indicator MT5

4.67

The ADR Reversal Indicator shows you at a glance where price is currently trading in relation to it's normal average daily range. You will get instant alerts via pop-up, email or push when price exceeds it's average range and levels above it of your choosing so you can jump into pullbacks and reversals quickly. The indicator draws horizontal lines on the chart at the average daily range extremes and also extensions above those levels which have mathematical probabilities attached to them of price exceeding them. More details on that below...

ADR ALERT DASHBOARD TO COMPLIMENT THE INDICATOR AND MONITOR ALL PAIRS ALSO AVAILABLE HERE:  https://www.mql5.com/en/market/product/66316

MT4 Version also available here: https://www.mql5.com/en/market/product/62757

Around 60% of the time price trades within it's normal average daily range (ADR) and pushes above these levels are usually an indicator of a sharp price move which will typically have a pull back (profit take) move following it. You can take advantage of these sharp moves by trading the pull back from the top or bottom of the daily range to the most recent level of support or resistance.

Over 20 years of historical data was gathered to find the average percentage chances of price moving beyond specific ADR levels for the major forex pairs and a selection of crosses. This data indicated that price only moved beyond 200% of it's ADR 3% of the time meaning your odds of a reversal or pullback at that level would be 97%!!!

These are the ADR extension averages shown by the data:

Price exceeded 100% of ADR10 roughly 42% of the time.
Price exceeded 125% of ADR10 roughly 23% of the time.
Price exceeded 150% of ADR10 roughly 12% of the time.
Price exceeded 175% of ADR10 roughly 6% of the time.
Price exceeded 200% of ADR10 roughly 3% of the time.
Price exceeded 225% of ADR10 roughly 2% of the time.

As you can see from the levels above if price gets to 150% of it's normal ADR the odds of it going further are only 12% giving you a massive advantage. Wait for price action to show you signs of a turn at that level and jump in on the pullback!

Indicator Settings:

  • Select the ADR number you would like to work with. NOTE: Statistics above are based on ADR10 data.
  • Choose the colours and styling of the lines for ADR levels.
  • Select the type of alerts you want to receive from pop-ups, emails or push alerts.
  • Option to turn each level on or off if you would like to only receive alerts at specific ADR extremes.
  • Choose the text for the alerts you would like for each level.

Entry Strategy Idea:

Wait for price to get to a specific level and receive an alert. The higher the level the better the chance of a reversal but the fewer alerts you will receive. When you get an alert you can either wait for a good price action candlestick pattern to form (engulfing, hammer, shooting star etc...) or you may want to use a tight EMA like EMA9 and jump in. M5 or M15 are the best timeframes to use.

These trades are meant to be scalping trades so ideally target the most recent high or low that is likely to act as a level of support or resistance. Often these ADR alerts happen in the London or NY sessions so targeting highs and lows of the Asian session is often a good idea.

Grid Trading ADR Levels:

Many people grid trade using ADR. Enter small positions at selected ADR levels (100%, 150%, 200% etc) and then as price moves over the levels you gain a position with a higher average each time a new trade triggers. This then allows more profit to be made on the pullback and a higher average price entry than just the first position taken.

Other Notes on ADR:

Be careful of ADR extensions that happen after fundamental news events. These can sometimes be the start of new multi day pushes and less chance of a pullback or reversal.

Look out for price levels when you get an ADR alert. If there is a recent level that has just been breached it's often an indicator of a stop hunt. The market is just pushing to take out peoples stops and pullbacks or reversals are much more likely.

Reviews 9
Betatester69
178
Betatester69 2024.05.06 20:20 
 

Useful indicator to work along with the author's strategy suggestion on his website. A suggestion if it could be implemented; ability to show/hide only certain ADR levels.

sweethomeboy2
284
sweethomeboy2 2023.02.09 12:18 
 

I made many tests, and it worked like magic, if you have a strategy or an indicator and you want to make sure about your next move this tool will help you, I don't always write reviews for the many indicators that I bought, because I always felt that there is something missing, this tool helped me with the missing link for all the indicators that I bought, they are not bad at all as I thought ( with the confirmation from ADR). 5 BIG STARS

y728115
329
y728115 2022.06.23 05:47 
 

Thank you. I will utilize it.

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Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange, XQ Forex Indicator empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The ind
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
Trend Line Map Pro MT5
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Trend Line Map indicator is an addons for   Trend Screener Indicator . It's working as a scanner for all signals generated by Trend screener ( Trend Line Signals ) . It's a Trend Line Scanner based on Trend Screener Indicator.  If you don't have Trend Screener Pro Indicator,   the Trend Line Map Pro will not work.     LIMITED TIME OFFER : Trend Line Map Indicator is available for only 50 $ and lifetime. ( Original price 125$ ) By accessing to our MQL5 Blog,  you can find all our premium indica
Quantum Heiken Ashi PRO MT5
Bogdan Ion Puscasu
4.5 (8)
Introducing the Quantum Heiken Ashi PRO charts with integrated alerts Designed to provide clear insights into market trends, the Heiken Ashi candles are renowned for their ability to filter out noise and eliminate false signals. Say goodbye to confusing price fluctuations and hello to a smoother, more reliable chart representation. What makes the Quantum Heiken Ashi PRO truly unique is its innovative formula, which transforms traditional candlestick data into easy-to-read colored bars. Red and g
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Position Trader EA
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4.71 (7)
Turn any trading strategy into a position trading strategy or trade the proven RSI & ADR based position trading strategies, including automated drawdown control system for positions that move against you. This EA is an evolution and a simplification of the MRA EA that has been used for position trading strategies taught on the Market Structure Trader website for many years. See my profile for a link to the website, free position trading course and other products. The EA will automatically scale
Take advantage of the opening volatility of the major stock indexes and profit from the sudden moves created at those times when the market breaks away at the opening bell. The strategies' goal is to simply benefit from those days when the market moves fast and hard in one direction at the open and bank that move. If the market opens weak and directionless, the EA locks in a hedge loss and waits for the market to decide on a direction before exiting the positions. The stock index hedge EA analys
The Market Reversal EA is powered by the indicator of the same name ( available here ) and trades based on market structure shifts. The EA will by default take a trade every time a market reversal alert is sent by the indicator and will trade those alerts based on the conditions and filters you set in the EA settings. It draws support rectangles as price moves in it's current trend direction and trades when price reverses sharply and signals a market structure shift or a re-test of the reversal.
Market Reversal Alerts
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4.21 (121)
Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a possible exhaustion point. The indicator draws in a rectangle on
The ADR Reversal Indicator shows you at a glance where price is currently trading in relation to it's normal average daily range. You will get instant alerts via pop-up, email or push when price exceeds it's average range and levels above it of your choosing so you can jump into pullbacks and reversals quickly. The indicator draws horizontal lines on the chart at the average daily range extremes and also extensions above those levels which have mathematical probabilities attached to them of pric
Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a possible exhaustion point. The indicator draws in a rectangle on
Take control of your forex portfolio. See instantly where you stand, whats working and whats causing you pain! MT5 VERSION AVAILABLE HERE:  https://www.mql5.com/en/market/product/58658 The Trade Manager Dashboard is designed to show you at a glance where each position you have in the forex market currently is, and make risk management and exposure to currencies easier to understand. For traders that scale into the market gradually with multiple positions or those trading grid and basket strate
This dashboard is an alert tool for use with the market structure reversal indicator. It's primary purpose is to alert you to reversal opportunities on specific time frames and also to the re-tests of the alerts (confirmation) as the indicator does. The dashboard is designed to sit on a chart on it's own and work in the background to send you alerts on your chosen pairs and timeframes. It was developed after many people requested a dash to monitor multiple pairs and time frames at once rather th
Turn any trading strategy into a position trading strategy or trade the proven RSI & ADR based position trading strategies, including automated drawdown control system for positions that move against you. This EA is an evolution and a simplification of the MRA EA that has been used for position trading strategies taught on the Market Structure Trader website for many years. See my profile for a link to the website, free position trading course and other products. The EA will automatically scale
Automatically draw support and resistance levels PLUS propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on my website (The Market Structure Trader) and displays key information for targeting and potential entries. MT version available here:  https://www.mql5.com/en/market/product/97973 There are 2 CORE features in the indicator and 4 additiona
Take control of your forex portfolio. See instantly where you stand, whats working and whats causing you pain! MT4 VERSION AVAILABLE HERE:  https://www.mql5.com/en/market/product/58375 The Trade Manager Dashboard is designed to show you at a glance where each position you have in the forex market currently is, and make risk management and exposure to currencies easier to understand.   For traders that scale into the market gradually with multiple positions or those trading grid and basket stra
The Market Reversal Alerts EA is powered by the indicator of the same name ( available here ) and trades based on market structure shifts. The EA will by default take a trade every time a market reversal alert is sent by the indicator and will trade those alerts based on the conditions and filters you set in the EA settings. It draws support rectangles as price moves in it's current trend direction and trades when price reverses sharply and signals a market structure shift or a re-test of the re
The RSI / TDI alert dashboard allows you to monitor RSIs at once (selectable by you) on every major pair you trade. You can use it in two ways: 1. Select multiple time frames and the dash will show you when there are multiple time frames extended beyond normal trading conditions. A great indicator that price has pushed hard recently as it has achieved an overbought or oversold level across multiple time frames so a pullback or reversal is due soon. 2. Use one time frame (your favourite to trade)
This dashboard is an alert tool for use with the market structure reversal indicator. It's primary purpose is to alert you to reversal opportunities on specific time frames and also to the re-tests of the alerts (confirmation) as the indicator does. The dashboard is designed to sit on a chart on it's own and work in the background to send you alerts on your chosen pairs and timeframes. It was developed after many people requested a dash to monitor multiple pairs and time frames at once rather th
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ADR Alert Dashboard
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3.92 (13)
The ADR Alert Dashboard shows you at a glance where price is currently trading in relation to it's normal average daily range. You will get instant alerts via pop-up, email or push when price exceeds it's average range and levels above it of your choosing so you can jump into pullbacks and reversals quickly. The dash is designed to be placed on a blank chart and just sit in the background and alert you when levels are hit so you do not need to sit and watch it or even look at all! MT5 VERSION AV
The price action toolkit EA is designed for scalpers but can be used on all timeframes to quickly enter the market with correctly calculated lot sizing based on your stop level, It allows you to quickly enter trades (instantly or at candle highs and lows with pending orders) and then adjust stops and take profits as the market moves. For a full list of all the features, settings and best practice strategy click here:  https://www.mql5.com/en/blogs/post/748072 NOTE FOR MT5 USERS: The MT5 versio
The RSI / TDI alert dashboard allows you to monitor RSIs at once (selectable by you) on every major pair you trade. You can use it in two ways: 1.   Select multiple time frames and the dash will show you when there are multiple time frames extended beyond normal trading conditions. A great indicator that price has pushed hard recently as it has achieved an overbought or oversold level across multiple time frames so a pullback or reversal is due soon. 2.   Use one time frame (your favourite to tr
The symmetrical triangle pattern dashboard allows you to monitor multiple markets and timeframes at once for symmetrical triangle patterns as draw by the symmetrical triangle pattern indicator available here: https://www.mql5.com/en/market/product/68709/ Visit the above indicator to learn more about how symmetrical triangle patterns are formed and simple to follow strategies to trade them. The dashboard is a stand-alone product and DOES NOT require the indicator to work. It only monitors for t
Profit from the explosive moves that occur at the open of stock indices and give yourself an actionable edge every day. The opening range breakout EA can be tweaked to your liking to capture the trends that form just after the open every day on the main stock indices like the DAX, DOW, NASDAQ and S&P500. These opens happen at the same time every day so you know when volatility will occur and often just after the open strong trends form which you can capture with this EA. The opening range is typ
Price Action Toolkit
LEE SAMSON
4.67 (6)
The price action toolkit EA is designed for scalpers but can be used on all timeframes to quickly enter the market with correctly calculated lot sizing based on your stop level, It allows you to quickly enter trades (instantly or at candle highs and lows with pending orders) and then adjust stops and take profits as the market moves. For a full list of all the features, settings and best practice strategy to use click here:  https://www.mql5.com/en/blogs/post/748072 MT5 version available here:
Profit from the explosive moves that occur at the open of stock indices and give yourself an actionable edge every day. The opening range breakout EA can be tweaked to your liking to capture the trends that form just after the open every day on the main stock indices like the DAX, DOW, NASDAQ and S&P500. These opens happen at the same time every day, so you know when volatility will occur, and often just after the open strong trends form which you can capture with this EA. The opening range is t
A symmetrical triangle chart pattern represents a period of contraction & consolidation before the price is forced to breakout to the upside or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. Get the dashboard to monitor all instruments and time frames you trade for symmetrical triangle patterns at once! https://www.mql5.com/en/market/product/69169/ MT5 Version Available
Automatically draw support and resistance levels   PLUS   propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on my website (The Market Structure Trader) and displays key information for targeting and potential entries. MT4 Version:  https://www.mql5.com/en/market/product/97246/ There are 2 CORE features in the indicator and 4 additional ones:
Take advantage of the opening volatility of the major stock indexes and profit from the sudden moves created at those times when the market breaks away at the opening bell. The strategies' goal is to simply benefit from those days when the market moves fast and hard in one direction at the open and bank that move. If the market opens weak and directionless, the EA locks in a hedge loss and waits for the market to decide on a direction before exiting the positions. The stock index hedge EA analys
A symmetrical triangle chart pattern represents a period of contraction & consolidation before the price is forced to breakout to the upside or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. MT4 Version Available Here:  https://www.mql5.com/en/market/product/68709/ This indicator identifies these patterns and alerts you when the 4 key points have formed and price has pul
AT LAST! A stochastic indicator for MT4 that shows multiple time frames on one chart ! See the actual position of the main and signal lines in 4 separate time frames instantly to help you make educated trading decisions.A true MTF stochastic indicator for traders that need to see visually what the indicator is telling them on multiple time frames, no arrows that just point up or down or numbers displayed. No more flicking between time frames to see where other stochastics are positioned! Stay on
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Betatester69
178
Betatester69 2024.05.06 20:20 
 

Useful indicator to work along with the author's strategy suggestion on his website. A suggestion if it could be implemented; ability to show/hide only certain ADR levels.

Kasper Hytonen
612
Kasper Hytonen 2023.04.05 17:43 
 

Would be nice tool but the lines and text are always in the way and making things messy because i can't choose the position of anything in any way. Reply. The authors reply below is not what i mean at all. Of course we can put the chart on the foreground but the point is that we cant move the lines or the text which makes the charts look messy no matter if the chart is on foreground or not. Normally in quality indicators we are able to choose the position of objects in chart.

LEE SAMSON
61693
Reply from developer LEE SAMSON 2023.04.05 17:52
But thats just a feature in your MT4/5, nothing to do with the indicator or any other indicator. Right click the chart, choose properties and select chart on foreground. You can up your review to 5* now, indicator does everything you want it to! :)
sweethomeboy2
284
sweethomeboy2 2023.02.09 12:18 
 

I made many tests, and it worked like magic, if you have a strategy or an indicator and you want to make sure about your next move this tool will help you, I don't always write reviews for the many indicators that I bought, because I always felt that there is something missing, this tool helped me with the missing link for all the indicators that I bought, they are not bad at all as I thought ( with the confirmation from ADR). 5 BIG STARS

LEE SAMSON
61693
Reply from developer LEE SAMSON 2023.02.09 12:37
Glad you find it useful and nice to hear you seem to have found the missing part of your strategy in this indicator. :)
y728115
329
y728115 2022.06.23 05:47 
 

Thank you. I will utilize it.

David
141
David 2022.05.31 08:51 
 

10/10 very good indicator! Thank you Lee!

Szaman
101
Szaman 2022.05.24 02:39 
 

Very Good Toll. It can work alone, but I recommend that you take the Market reversal indicator EA for this product in the appropriate robot settings it works great. it is useful in many strategies

camira
224
camira 2022.05.16 19:59 
 

very good tool, helpful for overview and making decisions. the price is very fair! thank you

krzys1973
371
krzys1973 2022.03.26 11:51 
 

A very good indicator. But I very much miss the price level next to the words Low ADR or HIGH ADR. And the ideal situation if there were the buttons: BUY Limit / Stop and on the other side SELL Limit / STOP. (Here I wait for the price reaction) And in the settings, it would be possible to define TP and SL. One button and the pending order is ready.

LEE SAMSON
61693
Reply from developer LEE SAMSON 2022.03.26 12:46
This is an indicator. You would need an EA build specifically for that. Indicators cannot take trades only EAs.
FXTechniq
109
FXTechniq 2021.05.10 09:56 
 

This fits my strategy perfectly. Purchased 1hr ago and Im already running profits on the London open.

Reply to review
Version 1.40 2022.09.24
Amendment to text input settings for alerts which were wrong way round. No functionality change.
Version 1.30 2022.09.12
FIX: Text inputs wrong way round.
Version 1.20 2022.09.12
Added the ability to change the text shown at each ADR level and also the font size. You can now enter a SPACE in the text to turn the text off completely too if required.