ADR Scalping Indicator MT5

5

This is easilly the most overlooked indicator that gives you most insights in price action. It's the only indicator I use myself.

This indicator gives you insights on how much price will move today, and in which direction most likely.


ADR stands for average daily range. If you trade or scalp intraday, you must know the range of how much price will move.

Let's say price has moved half of what is normal for the day, and it's in the bottom of price action, it is more likely that price continues to move down, rather than moving ALL the way up again to reach the average daily range. Price always seeks to move for the average daily range.

You will also be given dynamic support and resistance. When price has moved as much as the average range, you can trade towards the middle.

This indicator will also let you know if price is likely to bounce from a trendline or not. So if you like to trade using trendlines, this is the indicator for you!

You get 3 types of ranges.

1. Black range - Current range based on current price but magnets to either top or bottom if price moves more than on average. This range will eventually when price has moved more than 50% of ADR be aligned with one of the other two ranges.

2. Green range - How far will price move on average if we calculate from todays low?

3. Red range - How far will price move on average if we calculate from todays high?



Reviews 2
Servin Loefstop
47
Servin Loefstop 2022.04.07 16:54 
 

It is an awesome indicator. I love it!

Robin Olov Henry Lundberg
765
Robin Olov Henry Lundberg 2022.03.22 11:28 
 

Perfect tool that every trader should have in their arsenal. Knowing where we are in daily movement and a roadmap to where it is likely going before it happens. Using this tool puts you in the "Realm of possibilities" that is where I like to trade. ;)

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Spikemasterdetector
Gil Celso Mandlate
Indicators
SPIKE DETECTOR MASTER Advanced Market Spike Detection Indicator for MetaTrader 5 Spike Detector Master is a professional technical analysis indicator designed to help traders identify and analyze significant price movements, momentum changes, volatility expansion and unusual market activity directly on the MetaTrader 5 chart. The indicator provides clear visual information that can help traders monitor market conditions and identify potential spike activity without having to constantly analyze e
Ace Trend
Mikhail Sergeev
5 (3)
Indicators
We present you a revolutionary indicator that changes the rules of the game in the world of trend trading. The indicator is designed to rethink performance and elevate your trading experience to unprecedented heights. Our indicator boasts a unique combination of advanced features that set it apart from its competitors. The advanced technology of "Real Pricing Factors" ensures unsurpassed stability even in the most difficult and volatile market conditions. Say goodbye to unstable patterns, broken
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ADR Scalping Indicator MT4
Robert Mathias Bernt Larsson
Indicators
This is easilly the most overlooked indicator that gives you most insights in price action. It's the only indicator I use myself. This indicator gives you insights on how much price will move today, and in which direction most likely. ADR stands for average daily range. If you trade or scalp intraday, you must know the range of how much price will move. Let's say price has moved half of what is normal for the day, and it's in the bottom of price action, it is more likely that price continues to
Hedge Ninja
Robert Mathias Bernt Larsson
3 (2)
Utilities
Make sure to join our Discord community over at www.Robertsfx.com , you can also buy the EA at robertsfx.com WIN NO MATTER IN WHICH DIRECTION THE PRICE MOVES This robot wins no matter in which direction the price moves by following changing direction depending on in which direction price moves. This is the most free way of trading to this date. So you win no matter which direction it moves (when price moves to either of the red lines as seen on the screenshot, it wins with the profit target you
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Servin Loefstop
47
Servin Loefstop 2022.04.07 16:54 
 

It is an awesome indicator. I love it!

Robin Olov Henry Lundberg
765
Robin Olov Henry Lundberg 2022.03.22 11:28 
 

Perfect tool that every trader should have in their arsenal. Knowing where we are in daily movement and a roadmap to where it is likely going before it happens. Using this tool puts you in the "Realm of possibilities" that is where I like to trade. ;)

Robert Mathias Bernt Larsson
1670
Reply from developer Robert Mathias Bernt Larsson 2022.03.24 20:49
Thank you Robin and I'm very glad you like it. I couldn't agree more with the benefits of using this tool.
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