Market analysis
Average daily range, and how much of today’s range is already spent.
Average daily range, and how much of today’s range is already spent. The page states the equation, the units it expects and the rounding it applies, so the result can be reproduced by hand.
A calculator gives you a number. This one feeds the next: account to risk, risk to position size, position size to the trade, and the trade to expectancy, drawdown and risk of ruin.
See the performance tools →ADR describes where the average day ends. Half of all days exceed it, so "the range is used up" is a statement about the average, not about today.
Five daily ranges of 78, 92, 64, 110 and 71 pips, with 46 used so far:
Sizing targets and stops against what the instrument typically does, and judging whether a move has more room in it than the recent average suggests.
No. Half of all days exceed the average by definition. It means continuation is a bet against the distribution rather than with it.
Five reflects the current regime and moves quickly. Twenty is steadier and slower. Use the shorter window for intraday targets and the longer one for sizing.
A calculator answers one question and raises the next. These are the ones this figure feeds into.
Average true range, for stops and targets that scale with volatility.
Historical and annualised volatility from a price series.
Classic, Fibonacci, Camarilla and Woodie pivots from one session.
ADR Calculator · rounding shown to the precision displayed