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Updated ATR: Body % + Ranges and Anomalies
ATR: Body % + Ranges and Anomalies
This indicator provides a dual analysis of price bars to help you better understand market dynamics and volatility. It combines two powerful concepts into one tool: a candle body percentage and a range analysis with an anomaly-excluding average.
Key Features:
1. Candle Body Percentage
This feature plots the size of the candle's body as a percentage of its total high-low range.
A high percentage (e.g., above the 50% gray line) indicates strong, directional movement. The more solid the body is relative to its wicks, the more conviction is behind that move.
The 100% red line marks "Marubozu" candles—bars with no wicks, showing absolute control by buyers or sellers.
2. Range Analysis with Anomalies
This is a unique part of the indicator that helps you identify and understand normal vs. abnormal volatility.
Custom SMA: It calculates an average range of the last N bars, but it smartly excludes "anomalous" bars (spikes or unusually small ranges) from the calculation. This gives you a more reliable baseline for normal volatility.
Anomaly Detection: Bars are colored differently based on their range:
Blue: Small anomalies (range less than 0.5 * ATR). These often occur during periods of low liquidity or indecision.
Red: Large anomalies (range greater than 1.8 * ATR). These can signal a sudden burst of volatility, breakout events, or capitulation.
ATR Range % Label: The label on the chart shows the current bar's range as a percentage of the custom SMA. This tells you how much larger or smaller the current bar's range is compared to a clean average.
How to Use:
Spotting Trends: Use the Body % to confirm the strength of a trend. A series of bars with high body percentages can indicate a strong, healthy trend.
Identifying Volatility: Use the Range Analysis to find areas of interest. A large red anomaly bar could signal a significant event, while a series of blue anomalies might suggest the market is in a tight consolidation before a breakout.
Contextual Analysis: The combination of these tools can provide powerful context. For example, a bar with a high Body % and a red anomaly color suggests a strong, volatile move that could be a turning point or the start of a major trend.
Experiment with the input settings to fine-tune the ATR and SMA periods for different timeframes and assets.
This indicator provides a dual analysis of price bars to help you better understand market dynamics and volatility. It combines two powerful concepts into one tool: a candle body percentage and a range analysis with an anomaly-excluding average.
Key Features:
1. Candle Body Percentage
This feature plots the size of the candle's body as a percentage of its total high-low range.
A high percentage (e.g., above the 50% gray line) indicates strong, directional movement. The more solid the body is relative to its wicks, the more conviction is behind that move.
The 100% red line marks "Marubozu" candles—bars with no wicks, showing absolute control by buyers or sellers.
2. Range Analysis with Anomalies
This is a unique part of the indicator that helps you identify and understand normal vs. abnormal volatility.
Custom SMA: It calculates an average range of the last N bars, but it smartly excludes "anomalous" bars (spikes or unusually small ranges) from the calculation. This gives you a more reliable baseline for normal volatility.
Anomaly Detection: Bars are colored differently based on their range:
Blue: Small anomalies (range less than 0.5 * ATR). These often occur during periods of low liquidity or indecision.
Red: Large anomalies (range greater than 1.8 * ATR). These can signal a sudden burst of volatility, breakout events, or capitulation.
ATR Range % Label: The label on the chart shows the current bar's range as a percentage of the custom SMA. This tells you how much larger or smaller the current bar's range is compared to a clean average.
How to Use:
Spotting Trends: Use the Body % to confirm the strength of a trend. A series of bars with high body percentages can indicate a strong, healthy trend.
Identifying Volatility: Use the Range Analysis to find areas of interest. A large red anomaly bar could signal a significant event, while a series of blue anomalies might suggest the market is in a tight consolidation before a breakout.
Contextual Analysis: The combination of these tools can provide powerful context. For example, a bar with a high Body % and a red anomaly color suggests a strong, volatile move that could be a turning point or the start of a major trend.
Experiment with the input settings to fine-tune the ATR and SMA periods for different timeframes and assets.
Release Notes
ATR: Body % + Ranges and AnomaliesThis indicator provides a dual analysis of price bars to help you better understand market dynamics and volatility. It combines two powerful concepts into one tool: a candle body percentage and a range analysis with an anomaly-excluding average.
Key Features:
1. Candle Body Percentage
This feature plots the size of the candle's body as a percentage of its total high-low range.
A high percentage (e.g., above the 50% gray line) indicates strong, directional movement. The more solid the body is relative to its wicks, the more conviction is behind that move.
The 100% red line marks "Marubozu" candles—bars with no wicks, showing absolute control by buyers or sellers.
2. Range Analysis with Anomalies
This is a unique part of the indicator that helps you identify and understand normal vs. abnormal volatility.
Custom SMA: It calculates an average range of the last N bars, but it smartly excludes "anomalous" bars (spikes or unusually small ranges) from the calculation. This gives you a more reliable baseline for normal volatility.
Anomaly Detection: Bars are colored differently based on their range:
Blue: Small anomalies (range less than 0.5 * ATR). These often occur during periods of low liquidity or indecision.
Red: Large anomalies (range greater than 1.8 * ATR). These can signal a sudden burst of volatility, breakout events, or capitulation.
ATR Range % Label: The label on the chart shows the current bar's range as a percentage of the custom SMA. This tells you how much larger or smaller the current bar's range is compared to a clean average.
How to Use:
Spotting Trends: Use the Body % to confirm the strength of a trend. A series of bars with high body percentages can indicate a strong, healthy trend.
Identifying Volatility: Use the Range Analysis to find areas of interest. A large red anomaly bar could signal a significant event, while a series of blue anomalies might suggest the market is in a tight consolidation before a breakout.
Contextual Analysis: The combination of these tools can provide powerful context. For example, a bar with a high Body % and a red anomaly color suggests a strong, volatile move that could be a turning point or the start of a major trend.
Experiment with the input settings to fine-tune the ATR and SMA periods for different timeframes and assets.
Release Notes
Key changesTwo important changes have been made:
External anomaly detection: previousATR = ta.atr(atrPeriod)[1]
The current bar's anomaly is now determined by comparing its range with the ATR of the previous bar. This eliminates the lookahead bias.
SMA function: ta.atr(atrPeriod)[i+1]
Similarly, inside the f_sma_no_anomalies function, the anomaly test for each bar in the loop (i) now uses the ATR that was available before it was formed. This ensures a correct and logical SMA calculation that truly does not include anomalous bars.
Ключевые изменения
Внесены два важных изменения:
Внешнее определение аномалии: previousATR = ta.atr(atrPeriod)[1]
Теперь аномалия текущего бара определяется путём сравнения его диапазона с ATR предыдущего бара. Это исключает проблему "заглядывания вперёд" (lookahead bias).
Функция SMA: ta.atr(atrPeriod)[i+1]
Аналогично, внутри функции f_sma_no_anomalies проверка на аномалию для каждого бара в цикле (i) теперь использует ATR, который был доступен до его формирования. Это обеспечивает корректный и логически обоснованный расчёт SMA, который действительно не включает аномальные бары.
Release Notes
AdjustmentRelease Notes
ATR: Range & Anomaly AnalysisDescription
This indicator provides a deep analysis of volatility and candle ranges. It visually identifies abnormally large and small bars and calculates the average market volatility, excluding these anomalies. The indicator is ideal for traders who want to better understand market noise and the true strength of price movements.
Key Features
Bar Range Visualization: Displays the height of each bar as a histogram, allowing for a quick assessment of volatility.
Abnormally Large Bars: Automatically detects and highlights bars with an unusually high range. This helps identify sharp volatility spikes, which can be linked to important news events or the start of a strong trend.
Abnormally Small Bars: Highlights bars with an exceptionally low range. Such bars often precede consolidation or a period of calm before a major move.
Average Range (Excluding Anomalies): Calculates the average range over the last 5 bars, filtering out both abnormally large and small values. This provides a cleaner view of the market's true, "normal" volatility by filtering out noise.
Information Panel: Displays key metrics in real time, including the percentage of the candle's body relative to its total range (Body%) and the current bar's range as a percentage of the previous ATR value (ATR Range%).
How to Use
Add the indicator to your chart.
Go to the indicator's settings (Inputs).
ATR Period: Adjust the period for the average volatility calculation.
Anomaly Multipliers: Change the multipliers for large and small anomalies to fine-tune the indicator's sensitivity.
Bar Style: Navigate to the "Style" tab to customize the colors and display style for each bar type (normal, large, and small anomalies).
This indicator can be a valuable tool for making more informed trading decisions, helping you distinguish between normal market movements and extreme events.
Release Notes
ATR: Range & Anomaly AnalysisDescription:
This indicator provides an in-depth analysis of volatility and candle ranges. It visually identifies abnormally large and small bars and calculates the average market volatility while excluding these anomalies. The indicator is a valuable tool for traders seeking to better understand market noise and the true strength of price movements.
Key Features:
Bar Range Visualization: Displays the height of each bar as a histogram, allowing for a quick assessment of volatility.
Abnormally Large Bars: Automatically detects and highlights bars with an exceptionally high range. This helps to pinpoint sharp volatility spikes that may be linked to significant news events or the start of a strong trend.
Abnormally Small Bars: Highlights bars with an unusually low range. These bars often signal a period of consolidation or a calm before a major move.
Average Range (Excluding Anomalies): Calculates the average range over the last 5 bars, filtering out both abnormally large and small values. This gives a cleaner, more accurate view of the market's "normal" volatility by filtering out noise.
Information Panel: Displays key metrics in real time: the current bar's range as a percentage of the previous ATR value and the current price progress from the open as a percentage of the previous ATR.
How to Use:
Add the indicator to your chart.
In the indicator settings (Inputs), adjust the ATR period and the anomaly multipliers to fine-tune the indicator's sensitivity.
In the "Style" tab, you can customize the colors and display styles for each type of bar (normal, large, and small anomalies).
This indicator can be a powerful addition to your trading toolkit, helping you to distinguish between typical market fluctuations and extreme events.
Release Notes
AdjustmentOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.