Average Daily Range (ADR)
Average daily range: the mean high-low of the last complete UTC days, projected from today's low and high as range targets.
How to read it
- The upper line (today's low + ADR) shows where an average day would top out.
- The lower line (today's high - ADR) shows where an average day would bottom out.
- When the day already spans its ADR, further extension is less likely on an average day.
Key settings
- 14 complete UTC days.
Good to know
- Drawn on the price pane, over the candles.
- Days follow UTC.