The Moving ADR is an indicator for showing support and resistance zones based on the average daily price range of currency.
The Moving Average Daily Range is an indicator that displays the support zone and the resistance zone based on the average daily price range. It is used to determine the trading space and risk-to-reward ratio during the day. It is necessary to trade with other indicators that determine the direction. Because it is used for intra-day trading, the indicator shows only H4 and H4 in the following period
- ADRPeriod - period for calculating the average daily price range in days;
- Normal Color - the color of the day's fluctuations that are less than the ADR range;
- Reach Color - the color of the day's fluctuations reaching the ADR range;