ADR/ATR Session by LK

9 ago

## **Features**

1. **Custom ADR & ATR Calculation**

* Calculates **Average Daily Range (ADR)** and **Average True Range (ATR)** separately for:

* **Session timeframe** (default H4 / 06:00–13:00)
* **Daily timeframe**
* Independent smoothing method selection (**SMA, EMA, RMA, WMA**) for H4 ADR, H4 ATR, Daily ADR, and Daily ATR.

2. **Percentage Metrics**

* % of ADR / ATR covered by the **current H4 bar**.
* ADR / ATR expressed as a percentage of the **current price**.
* % of ADR already reached for the **current day**.
* % of Daily ATR vs current day’s True Range.

3. **Dynamic Chart Lines**

* Draws **3 lines for H4**: Session Open, ADR High, ADR Low.
* Draws **3 lines for Daily**: Daily Open, ADR High, ADR Low.
* Lines **extend to the right** so they stay visible across the chart.
* Colors and widths are fully customizable.

4. **Real-Time Data Table**

* Compact table displaying all ADR/ATR values and percentages.
* Adjustable table font size (**tiny, small, normal, large, huge**).
* Transparent background option for minimal chart obstruction.

5. **Flexible Session Settings**

* Select session start and end time in hours/minutes.
* Choose session timezone (chart timezone or major financial centers).
* Toggle H4 lines, Daily lines separately.

6. **Lookahead Control**

* Option to wait for higher-timeframe candle close before updating values (more accurate, less repainting).

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## **How to Use**

### **1. Adding the Indicator**

* Copy and paste the Pine Script into TradingView’s Pine Editor.
* Click **“Add to chart”**.
* Make sure your chart supports the higher timeframes you choose (e.g., H4 and Daily).

### **2. Setting Your Session**

* **Session Start Hour** & **End Hour** → Defines the intraday session to measure ADR/ATR (default: 06:00–13:00).
* **Session Timezone** → Pick “Chart” or a major financial center (e.g., New York, London, Tokyo).

### **3. Choosing Smoothing Methods**

* For each ADR/ATR (H4 and Daily), choose:

* SMA (Simple)
* EMA (Exponential)
* RMA (Wilder’s smoothing)
* WMA (Weighted)

### **4. Adjusting Chart Display**

* **Show H4 Lines** → Displays session open and ADR High/Low for the current H4 session.
* **Show Daily Lines** → Displays daily open and ADR High/Low.
* Customize line colors and widths.

### **5. Reading the Table**

* **H4 Section**

* ADR / ATR values for the selected session.
* % of ADR/ATR covered by the **current H4 bar**.
* ADR/ATR as % of the current price.
* **Daily Section**

* ADR / ATR for the daily timeframe.
* % of ADR already covered by today’s range.
* ADR/ATR as % of price.

### **6. Pro Tips**

* Use **H4 ADR %** to gauge intraday exhaustion — if current range is near 100%, market may slow or reverse.
* Use **Daily ADR %** for swing trade context — if a day has moved beyond its ADR, expect lower continuation probability.
* Combine with support/resistance to identify high-probability reversal zones.

9 ago

Note di rilascio

Update line best to see

10 ago

Note di rilascio

Update: Lookback