Average Daily Range Target Levels (ADR) Alert Indicator

New Average Daily Range Target Levels Alert Indicator.

The indicator monitors the daily target levels and notifies about the achievement of the target within the day.

Unlike other similar indicators, our indicator rearranges target levels when a price absorbing the part of the range, trend filters and all the functions of our indicators are also built into the indicator.

Premium Features

Pro Edition ⤢ Expand All

💡 All filters and features can be mixed and enabled freely to create your unique signal validation strategy. Combine trend, oscillator, and level filters for precision entries.

🔗 Projectreaper Connect ▼

Projectreaper alert indicators have the ability to share their signals with each other to create more accurate trading alerts.

In the settings of our alert indicators, there is a parameter called Indicator_Mode, which switches the indicator modes:

StandAlone – default mode for receiving alerts about this particular indicator.

MasterFilter – saves the last signal in the terminal; alert arrows change to hollow body. No warnings sent – only stores signals.

SlaveSignal – reads signals from all MasterFilter indicators on the chart and alerts when all signals coincide. Places vertical line to separate old/new valid signals.

📚 Learn how to use: Combine Multiple Signal Indicators Guide

📊 Trend & Oscillator Filters ▼

All filters can be used in various combinations to refine indicator signals. Mix and match freely for your unique strategy.

Trend Filters Parameters

tf_MovingAverage_TrendFilter – filter by MA + price position

tf_MA_TimeFrame, tf_MA_Period, tf_MA_Method, tf_MA_Price, tf_MA_Shift

tf_MA_SignalReverse – reverse signal direction

tf_MovingAverageCrossOver_TrendFilter – filter by crossover of two MAs

tf_First_MA_*, tf_Second_MA_* – full MA pair configuration

tf_MA_CrossOver_SignalReverse – reverse crossover signals

Oscillator Filters Parameters

tf_MACD_TrendFilter, tf_MACD_* – MACD histogram filter

tf_OSMA_TrendFilter, tf_OSMA_* – OsMA histogram filter

tf_RSI_TrendFilter, tf_RSI_* – RSI overbought/oversold filter

tf_Stochastic_TrendFilter, tf_Stochastic_* – Stochastic levels filter

*_SignalReverse – available for all oscillators to invert logic

📚 Full guide: Trend & OS Filters Update

🎯 Parabolic SAR Filter ▼

Filter signals by Parabolic SAR cross with timeframe flexibility.

Filters connect in parallel to the main signal for custom strategy building based on price vs. PSAR position.

tf_ParabolicSar_TrendFilter – activate filter

tf_PSAR_TimeFrame – filter timeframe

tf_PSAR_Step, tf_PSAR_Maximum – PSAR calculation params

tf_PSAR_Shift – bar offset (0=current)

tf_PSAR_SignalReverse – invert signal logic

📚 Tutorial: Parabolic SAR Filter Guide

📅 Daily Levels Filter ▼

Filter signals using current & previous day price levels (Open, High, Low, Close, Median).

tf_CurrentDayOpenLevel + *_SignalReverse

tf_CurrentDayMedianLevel + reverse option

tf_PreviousDay[Open|Close|High|Low|Median]Level + individual reverse toggles

📚 Guide: Day Levels Filter Update

🗓️ Weekly Levels Filter ▼

Filter signals using current & previous week price levels.

tf_CurrentWeek[Open|Median]Level + reverse

tf_PreviousWeek[Open|Close|High|Low|Median]Level + reverse

📚 Guide: Week Levels Filter Update

🌙 Monthly Levels Filter ▼

Filter signals using current & previous month price levels.

tf_CurrentMonth[Open|Median]Level + reverse

tf_PreviousMonth[Open|Close|High|Low|Median]Level + reverse

📚 Guide: Month Levels Filter Update

📏 Pips Tags ▼

Display potential price movement in pips from the last signal – shift focus from candle patterns to actual price action.

ShowPipTags – toggle tags visibility on chart

📚 Setup: Pips Tags Guide

🛡️ Stop Loss & Take Profit Levels ▼

Auto-display SL levels + 3 TP levels calculated from risk ratio.

ShowTPSL – enable display

SLBars, SignalBarRangeSL – calculation params

MaxSLPips, MinSLPips – SL boundaries (0=off)

MaxTPPips, MinTPPips – TP boundaries

TP1_Ratio, TP2_Ratio, TP3_Ratio – risk-reward multipliers

💡 Tip: Set Min=Max for fixed SL/TP values.

📚 Guide: SL/TP Indicators Update

📲 MetaTrader 4 → Telegram Alerts ▼

Receive indicator signals directly in Telegram – no extra software needed.

✅ Simple setup: Just paste your alert code into TelegramCode and enable TelegramAlerts.

TelegramCode – your unique bot token

TelegramAlerts – set to true to activate

📚 Full tutorial: MT4 to Telegram Setup Guide

Settings :

closed_bar_price – false – use current price true – closed previous bar price

Alerts
alert_popups – enable terminal alert windows
alert_sounds – enable sound alerts
pushSMS_alert – Push alerts to your phone
mail_alert – Email alerts to your phone
High_Target_Signal_Text – high level breakout signal text
Low_Target_Signal_Text – low level breakout signal text

ShowPipTags – display the potential price movement in pips from the last signal

ShowTPSL – enable/disable the display of SL and TP levels.
SLBars – the number of bars to calculate the levels
SignalBarRangeSL – additional check of the size of signal candlesticks
MaxSLPips – limit the maximum stop loss value (0 – off)
MinSLPips – minimum stop loss value (0 – off)
MaxTPPips – limit of the maximum take profit value (0 – off)
MinTPPips – minimum take profit value (0 – off)
TP1_Ratio – ratio of take profit to stop loss of the first TP level
TP2_Ratio – ratio of take profit to stop loss of the second TP level
TP3_Ratio – ratio of take profit to stop loss of the third TP level

Style
High_Arrow_Color – high level and breakout arrow color
Low_Arrow_Color – low level and breakout arrow color
High_Arrow_Type – high level breakout arrow type
Low_Arrow_Type – low level breakout arrow type
Arrows_Width – arrow size

How to install :

1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address

How to find Data folder :

in the terminal click File menu – Open Data Folder

Good trading!