ADR Compact with Expansion

ADR Compact with Expansion

A clean, lightweight Average Daily Range (ADR) dashboard designed for momentum and swing traders.

Displays:
ADR % — Average Daily Range as a percentage of price.
ADR $ — Average Daily Range in dollars.
ADR Expansion — Current day's range divided by the stock's ADR.

Color Coding:
Gray: Low volatility
Green: Moderate volatility
Yellow: High volatility
Red: Extreme volatility

ADR Expansion helps identify whether a stock has already made its typical daily move or still has room to run. Values near 1.0 ADR indicate a normal trading day, while higher values highlight unusually strong price expansion.

Designed to provide key volatility and range information at a glance without cluttering the chart.

You could also add a shorter "why I built this" note:

Built to quickly evaluate stock volatility and daily extension while reviewing large numbers of charts. Particularly useful for momentum, breakout, and growth-stock traders who want to assess opportunity and potential overextension in seconds.

Notes de version

Recent Updates

Version 2.0

Added ADR Expansion (Today's Range ÷ ADR$) to quickly identify how extended a stock's current move is relative to its normal daily range.

Added color-coded volatility ranges for ADR%:
Gray: Below 4%
Green: 4%–10%
Yellow: 10%–15%
Red: Above 15%

Added color-coded ADR Expansion ranges:
Gray: Less than 0.75 ADR
Green: 0.75–1.50 ADR
Yellow: 1.50–3.00 ADR
Red: Above 3.00 ADR

Added historical ADR% and ADR$ support through TradingView's Data Window. Hover over any candle to view historical values.

Updated ADR% calculation methodology to use the average of daily percentage ranges:
ADR% = Average[(High ÷ Low) - 1] × 100

This aligns the indicator with common ADR calculations used by many momentum and swing traders and improves consistency with other ADR tools.

Redesigned the display into a compact dashboard showing:
ADR%
ADR$
ADR Expansion

Reduced chart clutter by moving historical values to the Data Window while keeping current values visible in a compact table.

Notes de version

I added a key for the ADR colors.

Notes de version

Allowed the table to be able to move where user would like instead of only one default.

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

bridgesandrewr

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Script open-source

bridgesandrewr