MDS / ADR
ADR - average daily range
What it measures
The average daily high-to-low distance over a chosen number of completed sessions. ADR14 uses 14 sessions. The result depends on the source and trading-day boundaries.
Why traders follow it
Measures typical range, not direction or a maximum possible move. A day can exceed 100% of ADR. ADR minus the range covered is not a remaining-range forecast. That requires separate historical statistics.
Check the country, period and source. A single value or regime label does not determine a trade's direction.