OPEN-SOURCE SCRIPT
ATR Indicator
What this indicator does
The ATR Daily Progress measures how many ticks the market has already traveled during the current trading session and compares that value with the average daily movement calculated from previous sessions.
The indicator provides traders with a real-time view of the session's progress relative to its historical average range, helping them understand whether the market is operating below, near, or beyond its typical daily movement.
Key information displayed includes:
Current session ticks traveled
Average daily ticks based on historical sessions
Percentage of average range already completed
Real-time monitoring of daily expansion and exhaustion conditions
Who this indicator is for
This indicator is designed for:
Futures traders
Day traders
Scalpers
Intraday traders
Traders who use volatility and range analysis in their decision-making process
It is especially useful for traders who want to avoid entering trades after a significant portion of the average daily movement has already been completed.
What makes this indicator different
Unlike traditional ATR indicators that only display volatility values, this tool focuses on the practical intraday application of daily range statistics.
The indicator combines:
Real-time session range tracking
Historical average range analysis
Immediate visualization of daily progress
Session-based market exhaustion awareness
The goal is not simply to measure volatility, but to provide actionable context regarding how much of the market's expected daily movement has already occurred.
The ATR Daily Progress measures how many ticks the market has already traveled during the current trading session and compares that value with the average daily movement calculated from previous sessions.
The indicator provides traders with a real-time view of the session's progress relative to its historical average range, helping them understand whether the market is operating below, near, or beyond its typical daily movement.
Key information displayed includes:
Current session ticks traveled
Average daily ticks based on historical sessions
Percentage of average range already completed
Real-time monitoring of daily expansion and exhaustion conditions
Who this indicator is for
This indicator is designed for:
Futures traders
Day traders
Scalpers
Intraday traders
Traders who use volatility and range analysis in their decision-making process
It is especially useful for traders who want to avoid entering trades after a significant portion of the average daily movement has already been completed.
What makes this indicator different
Unlike traditional ATR indicators that only display volatility values, this tool focuses on the practical intraday application of daily range statistics.
The indicator combines:
Real-time session range tracking
Historical average range analysis
Immediate visualization of daily progress
Session-based market exhaustion awareness
The goal is not simply to measure volatility, but to provide actionable context regarding how much of the market's expected daily movement has already occurred.
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.