Daily Range and Ceiling Indicator: MT5 intraday support and resistance with clear targets

This Daily Range and Ceiling Indicator review for 2025 examines real account performance and delivers an honest analysis of what the indicator achieves in live and simulated conditions. The indicator stands out by combining price history, statistical volatility, and volume profiling to create a reference map for each trading day. Michael Zane Nielsen designed the algorithm to automatically plot thick green and red lines representing average daily range targets and ceiling levels so traders can view immediate support, resistance, and exhaustion zones on MT5 charts. The algorithm calculates an adaptive average daily range (ADR) using the prior 20 to 60 sessions, filters noisy moves through a volatility-weighted smoothing function, and overlays session volume to prioritize levels with higher trade activity. This hybrid approach makes the Daily Range and Ceiling Indicator especially useful in trending intraday markets and range-bound sessions where volume clusters form near limits. Risk management is implemented by suggesting stop placements relative to ADR and by providing explicit target bands tied to historical probabilities. Expected performance characteristics are moderate win rates with tight risk-reward control; users can expect more consistent entries and clearer trade plans compared with manual range estimation. The indicator integrates smoothly in MT5 and is configurable for asset classes including FX, indices, and futures.