Enhance your daily trading precision with DailyTargets, a comprehensive overlay indicator designed to highlight key institutional levels and volatility-based targets. By utilizing a multi-period Average Daily Range (ADR), this tool provides a clear roadmap for every trading session.

Key Features:

• Dynamic Buy/Sell Zones: Automatically calculates entry zones based on a percentage of the daily volatility from the market open.
• Volatility Targets: Plots clear profit-taking levels based on Fibonacci and standard ADR ratios (61.8%, 100%, 127%, 161%, and 200%).
• Market Context: Displays the previous day's High and Low levels to identify potential breakout or reversal points.
• Real-time Alerts: Stay informed with instant notifications when the price crosses the daily open, signaling a potential shift in intraday trend.
• Fully Customizable: Adjust line widths, styles, and visibility of individual components to match your personal chart template.

Technical Logic: The indicator calculates a weighted average of the ADR (1, 5, 10, and 20 periods) to provide a smoothed yet responsive volatility measurement. This ensures that your targets adapt to current market conditions, whether the market is trending or consolidating.