Does ADR ( Average Daily Range ) indicator gives trustable range for a profitable trading?

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Rogerio Alba
Answered 4 months ago
<p id="isPasted">Correct analysis of volatility is an extremely important element of any trading strategy. Insufficient attention to the market activity leads to an incorrect installation of the Take Profit/Stop Loss orders, that is − either to losses or losing a potential profit.</p><p>The Average Daily Range is represented by «reasonable», statistically justified price boundaries, in which the market movement is highly expected − this allows choosing the right trade tactics in a zone of the strong price levels.</p><p>In fact, the ADR indicator shows changes in the price values per unit of time (for example, for medium-term and intraday methods, the …</p>