OPEN-SOURCE SCRIPT
SVE Daily ATR + SDTR Context Bands
SVE Daily ATR + SDTR Context Bands is a free companion overlay from The Volatility Engine™ ecosystem.
It plots daily ATR-based expansion levels and a Standardized Deviation Threshold Range (SDTR) to give traders a clean, quantitative view of where intraday price sits relative to typical daily movement and volatility extremes.
This module is designed as an SVE-compatible context layer—using discrete, RTH-aligned daily zones, expected-move bands, and a standardized volatility shell—so traders can build situational awareness even without the full SPX Volatility Engine™ (SVE).
It does not generate trade signals.
Its sole purpose is to provide a clear volatility framework you can combine with your own structure, Fibonacci, or signal logic (including SVE, if you use it).
🔍 What It Shows
* Daily ATR Bands (expHigh / expLow)
- Expected high/low based on smoothed daily ATR
- Updates at the RTH open
* Daily SDTR Bands (expHighSDTR / expLowSDTR)
- Standard deviation threshold range for volatility extremes
- Helps identify overextended conditions
Discrete RTH-aligned Zones
- Bands reset cleanly at each RTH session
No continuous carry-over from prior days
Daily ATR & SDTR stats label
Quick-reference box showing current ATR and SDTR values
🎯 Purpose
This tool helps traders:
- Gauge intraday context relative to expected daily movement
- Assess volatility state (quiet, normal, expanded, extreme)
- Identify likely exhaustion or expansion zones
- Frame intraday price action inside daily volatility rails
- Support decision-making with objective context rather than emotion
It complements any strategy and works on any intraday timeframe.
⚙️ Inputs
- ATR Lookback (default: 20 days)
- RTH Session Times
- SDTR Lookback
- Show/Hide Daily Stats Label
🧩 Part of the SVE Ecosystem
This module is part of the broader SPX Volatility Engine™ framework.
The full SVE system includes:
- Composite signal scoring
- Volatility compression logic
- Histogram slope and momentum analysis
- Internals (VIX / VVIX / TICK)
- Structural zone awareness
- Real-time bias selection
- High-clarity decision support
⚠️ Disclaimer
This tool is provided for educational and informational purposes only.
No performance claims are made or implied.
Not investment advice.
It plots daily ATR-based expansion levels and a Standardized Deviation Threshold Range (SDTR) to give traders a clean, quantitative view of where intraday price sits relative to typical daily movement and volatility extremes.
This module is designed as an SVE-compatible context layer—using discrete, RTH-aligned daily zones, expected-move bands, and a standardized volatility shell—so traders can build situational awareness even without the full SPX Volatility Engine™ (SVE).
It does not generate trade signals.
Its sole purpose is to provide a clear volatility framework you can combine with your own structure, Fibonacci, or signal logic (including SVE, if you use it).
🔍 What It Shows
* Daily ATR Bands (expHigh / expLow)
- Expected high/low based on smoothed daily ATR
- Updates at the RTH open
* Daily SDTR Bands (expHighSDTR / expLowSDTR)
- Standard deviation threshold range for volatility extremes
- Helps identify overextended conditions
Discrete RTH-aligned Zones
- Bands reset cleanly at each RTH session
No continuous carry-over from prior days
Daily ATR & SDTR stats label
Quick-reference box showing current ATR and SDTR values
🎯 Purpose
This tool helps traders:
- Gauge intraday context relative to expected daily movement
- Assess volatility state (quiet, normal, expanded, extreme)
- Identify likely exhaustion or expansion zones
- Frame intraday price action inside daily volatility rails
- Support decision-making with objective context rather than emotion
It complements any strategy and works on any intraday timeframe.
⚙️ Inputs
- ATR Lookback (default: 20 days)
- RTH Session Times
- SDTR Lookback
- Show/Hide Daily Stats Label
🧩 Part of the SVE Ecosystem
This module is part of the broader SPX Volatility Engine™ framework.
The full SVE system includes:
- Composite signal scoring
- Volatility compression logic
- Histogram slope and momentum analysis
- Internals (VIX / VVIX / TICK)
- Structural zone awareness
- Real-time bias selection
- High-clarity decision support
⚠️ Disclaimer
This tool is provided for educational and informational purposes only.
No performance claims are made or implied.
Not investment advice.
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.