This indicator measures the average daily range (volatility) for the following time periods: 5 days, yesterday, weekly, monthly and 180 days.
Just install it into the Metatrader 4 indicators folder and put it to work.
Works on all currency pairs.
It also shows you today’s high and low price, pips to today’s high, pips to today’s low price,…
One of the best daily range indicators I ever came across.
No signals from this indicator.
Configurable Indicator Options
Corner Settings, Days, Colors, Show Daily High/Low, …
EUR/USD Weekly Chart Example
How to install the Average Daily Range Pro Calculator custom indicator in Metatrader 4?
- Download the Average Daily Range Pro Calculator.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.