What’s the difference between ADR & ATR?
I’m looking at a possible method of defining stop and targets.
One suggest dividing the ADR by 4 and that is your stop and target in pips.
The ATR seems much lower in my current pair.
Any ADR calculators for Metatrader?
I’ve not heard of ADR, at least as a technical indicator. I only know of it as standing for “American Depository Receipt”, which basically is a foreign stock listed on a US exchange.
I have seen discussed “avg daily range” which I assume is the Daily TF ranges for any number of days,ie subtract the low from the high & divide by 2. But I don’t know if you use the H & L or just the O and C. I’ve never known how the ATR is calculated but Investopedia.com has some explanations.
Hope that helps, d.