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AverageDailyRange MT5

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the Average Daily Range is a sign which reveals support and resistance zones based on the average daily price movement of a trading instrument. You need to search of market signals when the price goes beyond the resistance level, and purchase signals when the price goes beyond the support level. The indicator shows static and dynamic levels. Static levels are calculated by the opening price of the daylight. Dynamic levels are calculated by the maximum and minimum of the day.

  • ADRPeriod – the period for calculating the average daily price movement in times;
  • PrecalculateDays – the number of previous days on which support and resistance levels will be shown;
  • ADRZonePercent – the width of the zone as a percentage of the average daily price movement;

  • StaticHighColor – color of the static resistance level;
  • StaticLowColor – the color of the static support level;
  • ShowDynamicLevels-display of dynamic levels;
  • DynamicHighColor – the color of the dynamic resistance level;
  • DynamicLowColor – the color of the dynamic support level;
  • ShowInfo – displaying the dashboard;
  • InfoFontColor – the font color of the information panel;
  • InfoFont-information panel font;
  • InfoFontSize – the font size of the information panel;
  • UseInfoBackground-displaying the background of the dashboard;
  • InfoBackground – background color of the dashboard;
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