ADR Average Daily Range Meter

See at a glance how far this market usually moves in a day, how much of that range it has already used, and where the day runs out of room. The Average Daily Range (ADR) Meter puts the day's expected range on your chart. No signals, no repaint, just the context that tells you whether there is still room to run.

What it shows

• Average Daily Range over the last N days, the market's typical daily move.
• Used today, how much of that range price has already covered, in points and percent.
• Room left up and down before the day reaches an average-sized range.
• ADR High and ADR Low, the projected day ceiling and floor drawn on the chart, with tags that stay visible even when you zoom in.

Why it helps

Most traders never ask the simplest question: has this market already done its usual day, or is there still room? If a pair averages 60 pips and has moved 55, chasing a fresh breakout is a bad bet. If it has moved 15, there is room to run. And when price reaches the projected high or low, it has spent an average range, where continuation gets less likely and reversals more common. This keeps that context in front of you, so you size targets and time entries around what the day can realistically still do.

What it does not do

It does not place trades, fire buy or sell signals, or predict direction. It measures the range and shows you the context. The decisions stay yours.

Free. Works on any symbol and any timeframe, and updates the moment you attach it. If it earns a place on your charts, a review helps other traders find it.