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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.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。