OPEN-SOURCE SCRIPT
Normalised ATR - Configurable Session Volatility Analysis

This indicator analyzes price volatility across different trading sessions throughout the day. Here are its key features:
1. **Configurable Time Periods**
- Users can set specific date ranges for analysis
- Supports up to 12 customizable trading sessions
- Adjustable session durations (1-8 hours each)
2. **Volatility Measurements**
- Offers two calculation methods:
* Normalized Range: (High-Low)/Midpoint Price × 100 (as percentage)
* Absolute Range: Simple High-Low difference
- Tracks key statistics for each session:
* Maximum range
* Minimum range
* Average range
* 25% quartile range
3. **Statistical Analysis**
- Calculates 5th and 95th percentiles across all sessions
- Provides visual reference lines for these percentiles
- Shows detailed statistics in a color-coded table
4. **Visual Display**
- Clear tabular display of session statistics
- Color-coded for easy reading
- Plot of daily ranges with percentile bounds
- Session times displayed in UTC
This tool is particularly useful for:
- Understanding market volatility patterns across different trading sessions
- Identifying optimal trading hours
- Planning trading strategies based on historical volatility patterns
- Comparing volatility across different market periods
1. **Configurable Time Periods**
- Users can set specific date ranges for analysis
- Supports up to 12 customizable trading sessions
- Adjustable session durations (1-8 hours each)
2. **Volatility Measurements**
- Offers two calculation methods:
* Normalized Range: (High-Low)/Midpoint Price × 100 (as percentage)
* Absolute Range: Simple High-Low difference
- Tracks key statistics for each session:
* Maximum range
* Minimum range
* Average range
* 25% quartile range
3. **Statistical Analysis**
- Calculates 5th and 95th percentiles across all sessions
- Provides visual reference lines for these percentiles
- Shows detailed statistics in a color-coded table
4. **Visual Display**
- Clear tabular display of session statistics
- Color-coded for easy reading
- Plot of daily ranges with percentile bounds
- Session times displayed in UTC
This tool is particularly useful for:
- Understanding market volatility patterns across different trading sessions
- Identifying optimal trading hours
- Planning trading strategies based on historical volatility patterns
- Comparing volatility across different market periods
開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。