Dynamic ATR Daily Exhaustion visual calculater

📝 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

• 📏 Main Value: Maximum pips travelled today from the daily open (absolute move, regardless of direction).

• 📈 ATR(14) in Pips: Displays current ATR value (14-period, Daily chart).

• 📊 14-Day Average ATR: Shows smoothed baseline volatility for comparison.

• 🔄 Dynamic Thresholds: Auto-adjusts “Normal / Caution / Stretched / Extreme” zones based on volatility ratio.

• 🎨 Color Coding: Number color changes with exhaustion level (Neutral → Caution → Stretched → Extreme).

• 📍 Compact Display: Bottom-right corner, right-aligned, evenly spaced, and fully customizable.

• ⚙️ User Inputs: Font sizes, offsets, and spacing can be adjusted easily.

• 💡 No lag, No repainting — values are updated in real-time using D1 data.

🧠 How It Works

1. Reads D1 data ( Open , High , Low , ATR(14) ).

2. Computes max move in pips from the daily open to either the highest or lowest price reached.

3. Colors the number based on volatility-normalized thresholds, scaling with current vs. average ATR.

📊 Interpretation

🧭 Usage Tips

• Combine with intraday support/resistance for identifying exhaustion zones.

• Great for scalpers, range traders, and mean-reversion systems.

• 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