ADR Day Range MT5

ADR Day Range MT5

ADR Day Range MT5 is a professional on-chart indicator that displays Average Daily Range (ADR) information in a clear and structured format. It helps traders quickly evaluate current market conditions by showing the daily range and remaining distance to ADR in points.

1. What the indicator shows

• ADR(N) – average daily range based on previous completed days
• Today – current day range (High–Low) in points
• Room Up – remaining distance to ADR from current price (upside)
• Room Down – remaining distance to ADR from current price (downside)

2. ADR Status

• ADR NOT REACHED – current day range is below ADR
• ADR REACHED – current day range has reached or exceeded ADR
• Status is displayed clearly with color indication for quick recognition.

3. Key Features

• On-chart ADR display (no separate window)
• Real-time Room Up and Room Down calculation
• Points-based output (works consistently across all instruments)
• Clean and minimal visual design
• Fully customizable position
• Adjustable colors and font size
• Sunday data filtering option
• Works on all chart timeframes

4. Alerts & Notifications

• Alert when ADR is reached
• Popup notification
• Sound alert
• Email notification (requires MT5 email setup)
• Push notification (requires MetaTrader notifications setup)
• Alerts are optional and can be enabled or disabled in the settings.

5. Supported Markets

• Forex
• Indices
• Commodities
• Stocks
• The indicator supports most broker-provided symbols, including symbols with prefixes or suffixes.

6. Use Cases

• Monitor daily volatility conditions
• Identify when market has reached typical daily range
• Evaluate remaining movement potential
• Support intraday decision-making
• Improve manual chart analysis

7. Important Notes

• All values are displayed in points, not pips
• ADR is calculated using completed daily candles

8. Recommended Settings

• ADR Period: 20 (default)
• Timeframes: Any

Support is provided through MQL5 product comments and private messages. If you encounter any issues with the indicator or have suggestions for further improvements, please contact me.