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Volatility Ranges LAB
Description This is the "LAB" edition of a comprehensive Volatility Analysis System designed for precision trading. It combines multi-timeframe statistical ranges (ADR, AWR, AMR) with a real-time Data Dashboard to visualize expected market moves.
Underlying Concepts & Methodology The indicator calculates volatility based on historical averages using either SMA or RMA (Wilder's Smoothing).
Anchoring: Projects ranges from the opening price. Includes a specialized NY Midnight Open (00:00 EST) anchor for accurate Forex alignments.
Projections: Plots standard volatility limits (100%) and exhaustion extensions (up to 200%) to identify overextended price action.
Dashboard: A built-in panel monitors the current status of all three timeframes (Daily, Weekly, Monthly), acting as a risk scanner.
Key Features
3 Timeframes: Simultaneous Daily (ADR), Weekly (AWR), and Monthly (AMR) levels.
Expansion Zones: Optional levels (125%, 150%, 200%) to spot extreme reversals.
Smart Dashboard: Color-coded table indicating risk levels (Traffic Light system).
Customization: Full control over colors, line styles, and label visibility.
How to Use
Targeting: Use the 100% lines as statistical take-profit zones.
Reversals: When price reaches expansion zones (e.g., 125% of ADR), the probability of a reversal increases significantly.
Dashboard: Use it to check if the asset has already consumed its average range for the day/week.
[English Translation of User Interface]
To comply with House Rules regarding non-English UI, here is the translation of the script's settings menu:
0. Rótulos (Labels)
Tamanho do Texto = Text Size
Mostrar Período/Nome/Preço = Show Period/Name/Price
Mostrar Variação Real % = Show Real % Variation
1. Geral (General)
Escala do Gráfico = Chart Scale (Linear/Log)
Método de Cálculo = Calculation Method (SMA/RMA)
2. ADR (Daily Settings)
Ativar ADR = Enable ADR
Período Média = Average Period (Days)
Usar NY Midnight Open = Use NY Midnight Open
Projeção Futura = Future Projection (Bars)
Mostrar Expansões = Show Expansions (125-200%)
Estilo/Espessura = Style/Width
Cor Máxima/Mínima = High/Low Color
Mostrar Terços/25%/50% = Show Thirds/25%/50%
3. AWR (Weekly Settings)
Ativar AWR = Enable AWR
Período Média = Average Period (Weeks)
Usar Abertura Semanal = Use Weekly Open Ref
4. AMR (Monthly Settings)
Ativar AMR = Enable AMR
Período Média = Average Period (Months)
5. Dashboard
Mostrar Dashboard = Show Dashboard
Tema de Fundo = Background Theme (Dark/Light)
Unidade de Medida = Unit (Points/Pips)
Psicologia das Cores = Color Psychology (Traffic Light/Heatmap)
Posição na Tela = Screen Position
Underlying Concepts & Methodology The indicator calculates volatility based on historical averages using either SMA or RMA (Wilder's Smoothing).
Anchoring: Projects ranges from the opening price. Includes a specialized NY Midnight Open (00:00 EST) anchor for accurate Forex alignments.
Projections: Plots standard volatility limits (100%) and exhaustion extensions (up to 200%) to identify overextended price action.
Dashboard: A built-in panel monitors the current status of all three timeframes (Daily, Weekly, Monthly), acting as a risk scanner.
Key Features
3 Timeframes: Simultaneous Daily (ADR), Weekly (AWR), and Monthly (AMR) levels.
Expansion Zones: Optional levels (125%, 150%, 200%) to spot extreme reversals.
Smart Dashboard: Color-coded table indicating risk levels (Traffic Light system).
Customization: Full control over colors, line styles, and label visibility.
How to Use
Targeting: Use the 100% lines as statistical take-profit zones.
Reversals: When price reaches expansion zones (e.g., 125% of ADR), the probability of a reversal increases significantly.
Dashboard: Use it to check if the asset has already consumed its average range for the day/week.
[English Translation of User Interface]
To comply with House Rules regarding non-English UI, here is the translation of the script's settings menu:
0. Rótulos (Labels)
Tamanho do Texto = Text Size
Mostrar Período/Nome/Preço = Show Period/Name/Price
Mostrar Variação Real % = Show Real % Variation
1. Geral (General)
Escala do Gráfico = Chart Scale (Linear/Log)
Método de Cálculo = Calculation Method (SMA/RMA)
2. ADR (Daily Settings)
Ativar ADR = Enable ADR
Período Média = Average Period (Days)
Usar NY Midnight Open = Use NY Midnight Open
Projeção Futura = Future Projection (Bars)
Mostrar Expansões = Show Expansions (125-200%)
Estilo/Espessura = Style/Width
Cor Máxima/Mínima = High/Low Color
Mostrar Terços/25%/50% = Show Thirds/25%/50%
3. AWR (Weekly Settings)
Ativar AWR = Enable AWR
Período Média = Average Period (Weeks)
Usar Abertura Semanal = Use Weekly Open Ref
4. AMR (Monthly Settings)
Ativar AMR = Enable AMR
Período Média = Average Period (Months)
5. Dashboard
Mostrar Dashboard = Show Dashboard
Tema de Fundo = Background Theme (Dark/Light)
Unidade de Medida = Unit (Points/Pips)
Psicologia das Cores = Color Psychology (Traffic Light/Heatmap)
Posição na Tela = Screen Position
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
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 dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
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.