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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Quant Direction is a 3 dimensional market analysis tool. It provides a purely objective, algorithmic view of the market by calculating exact percentage-based biases across multiple dimensions simultaneously. Developed utilizing advanced AI modeling tools and subjected to thorough testing, this algorithm is engineered to read the market with unique precision. It can analyze any currency pair or financial instrument available on your platform.  Quant Direction is the ideal tool whether you are a S
Quantum Breakout Indicator PRO MT5
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Introducing   Quantum Breakout PRO , the groundbreaking MQL5 Indicator that's transforming the way you trade Breakout Zones! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Breakout PRO   is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. Quantum Breakout Indicator will give you signal arrows on breakout zones with 5 profit target zones and stop loss suggestion based on the breakout b
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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
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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
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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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