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ADR - Average Daily Range RobertsFX
Updated
The most overlooked but powerful indicator makes you see the markets for what they are.
You will see how much the markets move on average per day. This is fantastic info if you are an intraday trader and want to set your take profit within the average range, so you have as high a probability as possible of reaching your take profit today.
You can also trade reversals from ADR high and low. Very often the price changes direction back into the middle of the ADR high and low, at around 50%.
You will see how much the markets move on average per day. This is fantastic info if you are an intraday trader and want to set your take profit within the average range, so you have as high a probability as possible of reaching your take profit today.
You can also trade reversals from ADR high and low. Very often the price changes direction back into the middle of the ADR high and low, at around 50%.
Release Notes
The only indicator you need showing you how the average daily range is for any instrument.This gives you insights that can help you determine where the price might reverse or how much it will move today.
Disclaimer
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