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.
This is a great indicator but what would make it a lot more functional for traders and day traders is if the ATR setting was adjustable. It looks like the ATR is set to 27 days? At least that's when it matches up when I adjust the time frame with my daily charts. I'd like to be able to change it to a 7 day ATR