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ADR & ATR Extension from EMA

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This indicator helps identify how extended the current price is from a chosen Exponential Moving Average (EMA) in terms of both Average Daily Range (ADR) and Average True Range (ATR).

It calculates:
ADR Extension = (Price - EMA) / ADR
ATR Extension = (Price - EMA) / ATR

The results are shown in a floating table on the chart.
The ADR line turns red if the price is more than 4 ADRs above the selected EMA

Customization Options:
- Select EMA length
- Choose between close or high as price input
- Set ADR and ATR periods
- Customize the label’s position, color, and transparency
- Use the chart's timeframe or a fixed timeframe
Note di rilascio
This indicator helps identify how extended the current price is from a chosen Moving Average (EMA or SMA) in terms of both Average Daily Range (ADR) and Average True Range (ATR).

It calculates:
ADR Extension = (Price - EMA) / ADR
ATR Extension = (Price - EMA) / ATR

The results are shown in a floating table on the chart.
The ADR line turns red if the price is more than 4 ADRs above the selected EMA

Customization Options:
- Select between Exponential and Simple moving average
- Select MA length
- Choose between close or high as price input
- Set ADR and ATR periods
- Customize the label’s position, color, and transparency
- Use the chart's timeframe or a fixed timeframe
Note di rilascio
- Bug fix

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.