OPEN-SOURCE SCRIPT
ADR% + ATR/Price %
ADR% + ATR/Price % — Dual Volatility Reading
Two complementary volatility measures in one pane, with a live legend showing current readings.
ADR% (Average Daily Range %) — The classic equity trader's volatility filter. Calculates the average ratio of daily high to daily low over N days (default 20), expressed as a percentage. Always uses daily data regardless of your chart timeframe. A stock with ADR% of 5 typically moves ~5% intraday. Popularized by traders like Qullamaggie and Pradeep Bonde as a screening tool — if ADR% is too low, the stock isn't moving enough to be worth trading.
ATR / Price % — Standard ATR (default 14) divided by current close, expressed as a percentage. Unlike ADR%, this adapts to your chart timeframe — on a 4H chart you get 4H ATR%, on daily you get daily ATR%. Also captures gaps via true range, which ADR% misses. Useful for cross-instrument position sizing and risk normalization.
Why both?
ADR% gives you the daily "is this thing moving" read, frozen to daily regardless of chart.
ATR/Price% gives you the timeframe-aware volatility you're actually trading on.
On a daily chart they'll track closely. Drop to lower timeframes and the divergence shows how much of the daily range your timeframe is capturing.
Features
Independent length settings for each indicator
Toggle either line on/off
Customizable colors
On-pane legend with live values and parameters (position configurable: top/bottom × left/right)
Daily security calls use lookahead_off to prevent repainting
Use cases
Stock screening: filter for ADR% above some threshold (e.g. > 4) to ensure tradeable range
Position sizing: use ATR/Price% to normalize risk across instruments at different prices
Timeframe selection: compare the two to gauge whether your execution timeframe captures enough of the daily move
Volatility regime detection: watch for expansion/contraction in both measures
Works on any market — equities, crypto, futures, FX. Built in Pine v5.
Two complementary volatility measures in one pane, with a live legend showing current readings.
ADR% (Average Daily Range %) — The classic equity trader's volatility filter. Calculates the average ratio of daily high to daily low over N days (default 20), expressed as a percentage. Always uses daily data regardless of your chart timeframe. A stock with ADR% of 5 typically moves ~5% intraday. Popularized by traders like Qullamaggie and Pradeep Bonde as a screening tool — if ADR% is too low, the stock isn't moving enough to be worth trading.
ATR / Price % — Standard ATR (default 14) divided by current close, expressed as a percentage. Unlike ADR%, this adapts to your chart timeframe — on a 4H chart you get 4H ATR%, on daily you get daily ATR%. Also captures gaps via true range, which ADR% misses. Useful for cross-instrument position sizing and risk normalization.
Why both?
ADR% gives you the daily "is this thing moving" read, frozen to daily regardless of chart.
ATR/Price% gives you the timeframe-aware volatility you're actually trading on.
On a daily chart they'll track closely. Drop to lower timeframes and the divergence shows how much of the daily range your timeframe is capturing.
Features
Independent length settings for each indicator
Toggle either line on/off
Customizable colors
On-pane legend with live values and parameters (position configurable: top/bottom × left/right)
Daily security calls use lookahead_off to prevent repainting
Use cases
Stock screening: filter for ADR% above some threshold (e.g. > 4) to ensure tradeable range
Position sizing: use ATR/Price% to normalize risk across instruments at different prices
Timeframe selection: compare the two to gauge whether your execution timeframe captures enough of the daily move
Volatility regime detection: watch for expansion/contraction in both measures
Works on any market — equities, crypto, futures, FX. Built in Pine v5.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.