Forex Average Daily Range Pro Calculator Indicator
Forex Average Daily Range Pro Calculator Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around the daily high / low range. It draws arrows on the chart and can send alerts. It has 22 settings, for example Custom Indicator (default Average Daily Range Pro ), Label0 (default === Calculation setting ) and ut Days (default Enter number of days to ). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Average Daily Range Pro Calculator Indicator
Forex Average Daily Range Pro Calculator Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 22 settings, such as Custom indicator, Label0 and Days. MQL source code included.
Files in the download: Average Daily Range Pro Calculator.ex4, Average Daily Range Pro Calculator.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Custom indicator | Average Daily Range Pro Calculator | |
| Label0 | === Calculation setting === | |
| Days | Enter number of days to calculate. | |
| Day x | 5 | |
| Label1 | === Corner settings === | |
| Upper corner help | 0 = Upper Left, 1 = Right | |
| Lower corner help | 2 = Lower Left, 3 = Right | |
| Corner | 2 | |
| Label2 | === Color settings === | |
| Color help | Select ADR color: | Colour on the chart |
| Adr color | Goldenrod | Colour on the chart |
| Daily high color | LimeGreen | Colour on the chart |
| Daily low color | Fuchsia | Colour on the chart |
| Label3 | === Display settings === | |
| Display help | Enter Yes or No | |
| Show daily high low lines | Yes | |
| Show weekly lines | Yes | |
| Show mini adr | No | |
| Label4 | === Font settings === | |
| Font size help | Font size can be 6 to 14 | |
| Font size | 8 | |
| Vertical spacing adjustment | 0 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code