This indicator is based on the Average True Range (ATR) and provides users with a clear visual representation of key volatility metrics for a selected asset. The ATR is calculated using daily candlesticks over a specified period.
🔹 Key Features: ATR 1D – Average True Range value over the selected period (default: 24 days). Current ATR – Current relative volatility compared to ATR. Stop ATR – Suggested stop-loss level based on ATR. Power Reversal – Difference between ATR and current volatility. Risk-Reward Ratio (RR) – The ratio between the potential reward and the stop-loss level. 📊 Visual Representation: The indicator displays data in a compact, horizontal table, positioned at the desired location on the chart (default: bottom-right). The values are color-coded for better readability.
This tool is useful for traders looking to assess market volatility, stop-loss placement, and potential trade opportunities based on ATR calculations.