OPEN-SOURCE SCRIPT

ATR vs Day Trading Range and Percentage

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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.

Aviso legal

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