PROTECTED SOURCE SCRIPT
ATR% Volatility Zones
This indicator calculates ATR% (Average True Range as a percentage of price) using a 14-day ATR.
It classifies volatility into three zones:
Low (<2%) – Green background: Slow movers, low volatility.
Medium (2–4%) – Yellow background: Balanced volatility.
High (>4%) – Red background: Fast movers, breakout candidates.
The ATR% line is plotted in purple for easy visibility.
Works best on the daily timeframe for swing trading setups.
It classifies volatility into three zones:
Low (<2%) – Green background: Slow movers, low volatility.
Medium (2–4%) – Yellow background: Balanced volatility.
High (>4%) – Red background: Fast movers, breakout candidates.
The ATR% line is plotted in purple for easy visibility.
Works best on the daily timeframe for swing trading setups.
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.