ATR vs Day Trading Range and Percentage — Indicator by TraderCreatorPro

volatility atr dtr atrpercentage atrpercent dayrange

This indicator displays the Current Daily ATR vs the current Day Range and displays the percentage.

For example if the Daily ATR is $5 and the current range of the day is $10 this would be 200% the original move.

It is color coded (and can be modified) to change color when the Daily range is over 100% the ATR.

The time frame can be changed from Daily just be aware you must be on a lower timeframe then selected. So if you want to compare the current 30 minute ATR to the current 30 minute range you will need to be showing a 30 min chart or lower for it to calculate correctly.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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