PROTECTED SOURCE SCRIPT
ADR Multi-TF (4 lignes) en $
ADR Multi-TF (4 lines) — in $
A simple and effective indicator for visualizing an asset's average volatility over up to 4 different time frames — on a single chart. It calculates the average (High − Low) over the selected period (day, week, month, 3M, etc.) and displays it in dollars 💵. Perfect for comparing market momentum between D/W/M and calibrating your targets.
What's in it for you?
Multi-scale view: Compare Daily / Weekly / Monthly / 3M at a glance.
Trade targeting: Sets realistic TP/SL based on the asset's average movement.
Regime reading: Detects when volatility expands or contracts 📈📉.
Key parameters ⚙️
4 independent lines: each with its own timeframe, length, color, and thickness.
Choice of timeframe: empty = chart TU, or D, W, M, 3M…
Length = number of bars in the chosen TU (e.g., 14 weeks if W).
Display in dollars (not %), faithful to the original ADR spirit.
Usage tips 💡
Combine a Daily line (short setting) with a Weekly line (longer setting) to see if the day's movement is "normal" or abnormal.
In intraday TU, keep a W or M line as a macro volatility benchmark.
The higher TU bars (e.g., W, M) are dynamic until closed: the value can change over the week/month—this is normal, not historical repainting.
In short: a simple, readable, and customizable tool to frame your plans with realistic limits. Add it, adjust your 4 lines, and trade more serenely ✨
A simple and effective indicator for visualizing an asset's average volatility over up to 4 different time frames — on a single chart. It calculates the average (High − Low) over the selected period (day, week, month, 3M, etc.) and displays it in dollars 💵. Perfect for comparing market momentum between D/W/M and calibrating your targets.
What's in it for you?
Multi-scale view: Compare Daily / Weekly / Monthly / 3M at a glance.
Trade targeting: Sets realistic TP/SL based on the asset's average movement.
Regime reading: Detects when volatility expands or contracts 📈📉.
Key parameters ⚙️
4 independent lines: each with its own timeframe, length, color, and thickness.
Choice of timeframe: empty = chart TU, or D, W, M, 3M…
Length = number of bars in the chosen TU (e.g., 14 weeks if W).
Display in dollars (not %), faithful to the original ADR spirit.
Usage tips 💡
Combine a Daily line (short setting) with a Weekly line (longer setting) to see if the day's movement is "normal" or abnormal.
In intraday TU, keep a W or M line as a macro volatility benchmark.
The higher TU bars (e.g., W, M) are dynamic until closed: the value can change over the week/month—this is normal, not historical repainting.
In short: a simple, readable, and customizable tool to frame your plans with realistic limits. Add it, adjust your 4 lines, and trade more serenely ✨
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.