Average Daily Range (ADR) Indicator for Forex Trading

The ADR indicator is based on statistical patterns. By using them, a trader can increase the potential income. The indicator shows levels in the chart where one should take profits and open new trading positions. 

The article provides the indicator formula and the calculation of the ADR value for the EURUSD currency pair, as well as describes the most popular trading strategies. In addition, the differences between the ATR and IR indicators are analyzed, and recommendations for their use are given. You will learn what an average daily range is and how to apply it in Forex market analysis.

What… Read full author’s opinion and review in blog of #LiteFinance