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.

Nota Keluaran

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.

Nota Keluaran

I added a key for the ADR colors.

Nota Keluaran

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

Skrip sumber terbuka

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Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.

Skrip sumber terbuka

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