Daily Adr Levels

Daily ADR Levels is a precision intraday levels indicator that plots the Daily Open together with dynamic support and resistance zones derived from the Average Daily Range (ADR). It calculates the ADR from the last N completed daily candles and projects statistically important price expansion levels above and below the current day’s open. The plotted levels (R1–R5 and S1–S5) are based on Fibonacci-style ADR percentages (≈34%, 62%, 89%, 100% and 162%), giving traders clear volatility-based reference points for the active trading day only. 

How to use:

At the start of each trading day, the indicator automatically draws the Daily Open and all ADR levels on any timeframe. Use the Daily Open as the intraday bias line: price holding above it favors longs, below it favors shorts. The inner levels (R1/S1, R2/S2) are ideal for scalping targets and pullback reactions, while R3/S3 and R4/S4 often act as exhaustion or reversal zones. The extended R5/S5 (162% ADR) highlight extreme moves where reversals or strong breakouts may occur. Adjust ADRPeriod to smooth or sensitize the levels, and TimeShift if your broker’s daily open differs from your trading session. 

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