OPEN-SOURCE SCRIPT
ATR DAILY PROGRESSION)
Indicator: ATR Daily Progression — Final Compact Edition
1. Indicator Objective
The ATR Daily Progression indicator measures the progression of intraday volatility as a percentage of the daily Average True Range (ATR).
It provides a quick visual overview of whether the market has reached or exceeded its average daily range of movement.
This helps traders avoid entering low-probability continuation trades once the day’s ATR is already completed.
2. Visual Presentation
Horizontal bar ranging from 0% to 150% of the ATR.
Green color up to 100%, then red beyond that point.
Main ticks: 0, 25, 50, 75, 90, 100, and 150%.
Full-height white vertical lines at 0%, 100%, and 150%.
A floating badge displaying the current ATR completion percentage, always visible.
Compact Height mode enabled by default for optimal visual integration.
3. Key Features
Function Description
Precise alignment The transition from green to red occurs exactly after the 100% tick.
Audio & visual alerts Triggered at 75%, 90%, 100%, and 150%.
Session flash effects The filled bar blinks when the ATR is reached (100%) or exceeded (150%).
Dynamic badge Displays the current ATR %, green before 100%, red after.
Compact layout Three-line table format for better chart integration.
4. Recommended Settings
ATR Length (Daily): 14
Bar width (steps): 32–40 (depending on chart size)
Always green below 100%: enabled
Show floating % badge: enabled
Compact Height: enabled by default
Flash at 75% and 90%: enabled
Flash at 100% and 150%: enabled
5. Strategic Use
The ATR Done Today is a visual discipline tool designed to help traders:
Identify when the market has likely completed its daily move.
Avoid late-session counter-trend trades.
Visualize volatility compression or expansion.
Determine optimal times to take profits or pause trading.
1. Indicator Objective
The ATR Daily Progression indicator measures the progression of intraday volatility as a percentage of the daily Average True Range (ATR).
It provides a quick visual overview of whether the market has reached or exceeded its average daily range of movement.
This helps traders avoid entering low-probability continuation trades once the day’s ATR is already completed.
2. Visual Presentation
Horizontal bar ranging from 0% to 150% of the ATR.
Green color up to 100%, then red beyond that point.
Main ticks: 0, 25, 50, 75, 90, 100, and 150%.
Full-height white vertical lines at 0%, 100%, and 150%.
A floating badge displaying the current ATR completion percentage, always visible.
Compact Height mode enabled by default for optimal visual integration.
3. Key Features
Function Description
Precise alignment The transition from green to red occurs exactly after the 100% tick.
Audio & visual alerts Triggered at 75%, 90%, 100%, and 150%.
Session flash effects The filled bar blinks when the ATR is reached (100%) or exceeded (150%).
Dynamic badge Displays the current ATR %, green before 100%, red after.
Compact layout Three-line table format for better chart integration.
4. Recommended Settings
ATR Length (Daily): 14
Bar width (steps): 32–40 (depending on chart size)
Always green below 100%: enabled
Show floating % badge: enabled
Compact Height: enabled by default
Flash at 75% and 90%: enabled
Flash at 100% and 150%: enabled
5. Strategic Use
The ATR Done Today is a visual discipline tool designed to help traders:
Identify when the market has likely completed its daily move.
Avoid late-session counter-trend trades.
Visualize volatility compression or expansion.
Determine optimal times to take profits or pause trading.
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.
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.