Dynamic ATR Daily Exhaustion visual calculater
- Indicatori
- Versione: 1.0
- Attivazioni: 20
📝 Description:
This lightweight MT4 indicator calculates and displays how far price has travelled today (in pips) from the daily open to its furthest extreme (high or low) — giving you a clear picture of true daily range exhaustion, not just current position.
Unlike traditional ATR-based tools that focus on close-to-close movement, this version measures maximum intraday excursion, making it ideal for volatility analysis, range exhaustion detection, and intraday risk management.
🔍 Key Features
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📏 Main Value: Maximum pips travelled today from the daily open (absolute move, regardless of direction).
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📈 ATR(14) in Pips: Displays current ATR value (14-period, Daily chart).
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📊 14-Day Average ATR: Shows smoothed baseline volatility for comparison.
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🔄 Dynamic Thresholds: Auto-adjusts “Normal / Caution / Stretched / Extreme” zones based on volatility ratio.
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🎨 Color Coding: Number color changes with exhaustion level (Neutral → Caution → Stretched → Extreme).
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📍 Compact Display: Bottom-right corner, right-aligned, evenly spaced, and fully customizable.
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⚙️ User Inputs: Font sizes, offsets, and spacing can be adjusted easily.
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💡 No lag, No repainting — values are updated in real-time using D1 data.
🧠 How It Works
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Reads D1 data ( Open , High , Low , ATR(14) ).
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Computes max move in pips from the daily open to either the highest or lowest price reached.
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Colors the number based on volatility-normalized thresholds, scaling with current vs. average ATR.
📊 Interpretation
| Range vs ATR | Color | Meaning |
|---|---|---|
| < 70% ATR | ⚪ Neutral | Normal daily range |
| 70–100% ATR | 🟠 Caution | Approaching full ATR range |
| 100–150% ATR | 🔴 Stretched | Likely near exhaustion |
| >150% ATR | 🔻 Extreme | Overshoot beyond normal |
🧭 Usage Tips
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Combine with intraday support/resistance for identifying exhaustion zones.
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Great for scalpers, range traders, and mean-reversion systems.
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Works best when attached to any timeframe — it always references Daily data internally.
✅ Platform: MetaTrader 4 (MT4)
✅ Timeframe: Any (uses D1 data)
✅ Recommended Pair: Any FX pair
✅ Performance: Lightweight, no history load needed
