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What is the difference between ADR & ATR?

Are there ADR calculators for Metatrader? I’m looking at a possible method for defining stop and targets.

over 5 years ago

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If I'm not mistaken, ADR stands for average daily range while ATR stands for average true range. The ATR can apply to any time frame such as hourly, daily, or weekly. The average daily range, on the other hand, gives the average range for the day only. I'm not sure if there is an ADR/ATR calculator for Metatrader but you can visit to find out about the features of Metatrader. ATRs are useful in setting stop losses and profit targets, especially if they line up with previous support/resistance areas or Fibonacci retracement levels.

over 5 years ago

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