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.General

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.