This indicator is based on the Average True Range (ATR) and provides users with a clear visual representation of key volatility metrics for a selected asset. The ATR is calculated using daily candlesticks over a specified period.
🔹 Key Features: ATR 1D – Average True Range value over the selected period (default: 24 days). Current ATR – Current relative volatility compared to ATR. Stop ATR – Suggested stop-loss level based on ATR. Power Reversal – Difference between ATR and current volatility. Risk-Reward Ratio (RR) – The ratio between the potential reward and the stop-loss level. 📊 Visual Representation: The indicator displays data in a compact, horizontal table, positioned at the desired location on the chart (default: bottom-right). The values are color-coded for better readability.
This tool is useful for traders looking to assess market volatility, stop-loss placement, and potential trade opportunities based on ATR calculations.
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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.