Need of an ADR ( Average Daily Range ) indicator?

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Elmer Woods
Answered 5 months ago
<p id="isPasted">Average Daily Range (ADR) is a simple volatility indicator.</p><p>The difference between the high and the low of a particular session is the range of that session. When the range is high, the volatility is increased. When the range is low, the volatility is low.</p><p>ADR calculates the average range of the instrument over a period defined by the user.</p><p>ADR above average indicates a high level of volatility. ADR below the average line indicates low volatility.</p><p>ADR indicator measures the volatility of the instrument. It is also used for ranking the instrument based on their range levels.</p>