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New trader proposal: ADR Target Bands

A new trading tool proposed by clients has been added to the trading platform. The ADR Target bands are price target ranges based on the average daily range (ADR) of a market calculated over two different periods. The advantages of the ADR Target Bands:

  • They can be used on all instruments and in all time frames.
  • They are easy to understand.
  • They calculate targets for the market price and thus can be used as stops and targets.
  • They can be used as trading signals to open a position.

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