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Performance vs ATR

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This indicator helps spot stocks that moved efficiently — meaning big gains with relatively low volatility.

It compares recent price performance to ATR. If the Performance/ATR ratio is 1 or higher, that means the stock moved at least 1 ATR per day on average — a common trait of past breakout winners.

Use it to:

Find strong movers relative to volatility

Identify breakout candidates

Filter stocks with better risk/reward potential

The ratio is smoothed with a moving average, and reference lines at +1 and -1 ATR/day help you gauge extremes. Plots are customizable in the Style tab.

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