ADR Target

ADR Target

Average Daily Range Target (ADR Target)

The Average Daily Range (ADR) target indicator calculates the average price movement (high to low) of an asset over a set number of days to project potential intraday price targets. It helps traders set realistic take-profit and stop-loss levels based on current.

It helps traders:

  • Identify realistic daily expansion targets

  • Estimate potential intraday exhaustion zones

  • Manage profit targets based on statistical range

  • Avoid overtrading beyond average volatility

Settings



Parameters

Length Type

  • Daily – Calculates ADR using daily bars.

  • Weekly

  • Monthly

Length
Number of previous days used to calculate the Average Daily Range.
Example: Length = 10 → Uses the last 10 trading days.

Plot Settings

Font Size – Adjusts ADR label text size.
Text Align – Left / Right alignment of label text.
Background – Label background color.
Text Color – Label text color.

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