Average Day Range (ADR)
Average Day Range is an indicator that measures the volatility of an asset. It shows the average movement of the price between the high and the low over the last several days.
To calculate the average value for a particular day, the indicator first calculates the average among the high values of the price for a given number of days, then the average among the low values for the same number of days. Then it finds the difference between these values.
The number of days for which the indicator will count the average value, 14 by default. It should be noted that setting it too low will take short-term noise into account, while a long period may take longer to react to new market movements.
Toggles the visibility of the ADR line. You can also choose the color of the line, its thickness, and plot type (by default, Line is used).