PROTECTED SOURCE SCRIPT
ADR% – Average Daily Range Percentage
This indicator calculates the average daily range (ADR) as a percentage over a configurable period. It helps visualize market volatility with:
Dynamic gradient coloring: Red (<2.5%), Amber (2.5–4%), Green (>4%)
Background heatmap showing volatility intensity
Last-bar label with ADR% and readable text
Configurable thresholds for low/high volatility
Use it to spot periods of high/low market activity, potential breakouts, or consolidation zones.
Dynamic gradient coloring: Red (<2.5%), Amber (2.5–4%), Green (>4%)
Background heatmap showing volatility intensity
Last-bar label with ADR% and readable text
Configurable thresholds for low/high volatility
Use it to spot periods of high/low market activity, potential breakouts, or consolidation zones.
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.