OPEN-SOURCE SCRIPT
ADR Ratio Table (ADR 1/ ADR 2)
ADR Ratio Table is a market condition filter designed to compare short-term volatility with the broader market environment.
The indicator calculates two Average Daily Range (ADR) values using user-defined periods (for example, 5-day ADR and 21-day ADR) and displays their ratio in a table.
ADR Ratio = Short-Term ADR / Long-Term ADR
This ratio helps identify volatility regimes:
A value above 1.0 indicates that recent volatility is higher than the market’s longer-term average, suggesting expansion conditions.
A value below 1.0 indicates compressed volatility, where directional moves are less likely to follow through.
Its purpose is to act as a pre-trade filter, helping traders decide whether current market conditions are suitable for strategies that rely on range expansion and directional continuation.
The indicator calculates two Average Daily Range (ADR) values using user-defined periods (for example, 5-day ADR and 21-day ADR) and displays their ratio in a table.
ADR Ratio = Short-Term ADR / Long-Term ADR
This ratio helps identify volatility regimes:
A value above 1.0 indicates that recent volatility is higher than the market’s longer-term average, suggesting expansion conditions.
A value below 1.0 indicates compressed volatility, where directional moves are less likely to follow through.
Its purpose is to act as a pre-trade filter, helping traders decide whether current market conditions are suitable for strategies that rely on range expansion and directional continuation.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。