Volatility zone

ATR Volatility Zones Indicator
Multi-Level Volatility Measurement Tool with Visual Alerts

This advanced indicator analyzes market volatility using Average True Range (ATR) to identify five distinct volatility zones, helping traders adapt their strategies to current market conditions.

Key Features:
🔹 5-Zone Volatility Classification - Precisely identifies:
• LOW (Cyan)
• MEDIUM-LOW (Lime Green)
• MEDIUM (Yellow)
• HIGH-MEDIUM (Orange)
• HIGH (Red)

🔹 Smart Dynamic Ranges - Automatically adjusts zones based on recent 200-bar ATR extremes
🔹 Clear Visual Display - Color-coded horizontal lines + chart label with current status
🔹 Customizable Parameters - Adjustable ATR period (6 default)
🔹 Professional Formatting - Clean display with ATR value shown to 2 decimal places

Optimal Settings:
• Default ATR Period: 6 (ideal for intraday trading)
• Works on all timeframes (M1-MN1)
• Best paired with 30M-4H charts for swing trading

Customization Options:
✔ Adjustable ATR calculation period
✔ Customizable font size and type
✔ Flexible positioning on chart
✔ Clear color differentiation between zones

Ideal For Traders Who Need:
✅ Visual volatility assessment at a glance
✅ Multi-timeframe strategy confirmation
✅ Clear market condition classification
✅ Risk-adjusted position sizing guidance

"Know your market's volatility personality before you trade"

MT5 Exclusive Features:
• Native MetaTrader 5 performance
• Low resource consumption
• Compatible with all brokers
• No repainting - stable signals


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