Average Daily Range (ADR) Indicator

Average Daily Range (ADR) Indicator

Forex market volatility can give valuable information about the day’s activity. When volatility is high, traders will enter trades. Low volatility indicates that the market has been quiet and is choppy.

Forex traders use the Average daily range (ADR), to calculate their trading ranges for the day. This calculation can be tedious as traders need to make quick decisions. The Average Daily Range indicator helps traders calculate the daily range for the day and saves time.

The Foundation

The Average Daily Range (ADR), Indicator displays the average trading range for a currency pair over 14 days in pips. Forex traders can see the trading range for the day to determine the volatility of the market.

This indicator is located in the left-top corner of the chart and displays the average range for the day, as shown in the diagram below.

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