Daily Range Exhaustion - ADR Probability MapAn intraday trader spends the whole session asking one question without ever measuring it: is there still room left in this move, or is the day already finished. Daily Range Exhaustion measures it.
The script records the completed range of every past day on the symbol you have open, and uses that sample to answer four things about the day in progress.
HOW MUCH OF THE DAY IS SPENT
Today's range is compared against the average daily range of the last 5, 10 or 20 days. The panel shows the result as a percentage. At 40 percent the day still has room in either direction. At 110 percent the day has already delivered more than an ordinary day and every further extension is, statistically, an outlier rather than the base case. The chart background tints once 100 percent is passed.
WHERE A FULL DAY COULD STILL REACH
Two levels are drawn:
Upside projection, today's low plus the average daily range. This is the highest point a statistically ordinary day could still print without becoming unusual.
Downside projection, today's high minus the average daily range.
Both compress as the session develops. Early in the day they sit far apart. By the afternoon they have squeezed toward price, and the distance left to each one is exactly the room the day has left. The shaded areas between price and each projection are that remaining room, made visible.
THE ODDS OF EXTENDING ANYWAY
Ranges are not a hard ceiling, so the panel reports how often the ceiling actually broke. Three lines show the share of past days whose range exceeded 100, 125 and 150 percent of the current average. On most liquid instruments roughly a quarter to a third of days exceed 100 percent, but far fewer reach 150 percent. Those numbers are the honest context for the exhaustion reading: they tell you whether a stretched day is rare or routine on this particular symbol.
WEEKDAY BREAKDOWN
A single average across all days hides a real effect. Many instruments have a quiet Monday and a violent Thursday, and judging Monday against a blended average will make it look exhausted when it is behaving normally. The panel breaks the sample down by weekday, shows the average range of each one, and expresses it as a percentage of the overall average. Today's weekday is highlighted.
HOW TO USE IT
As a filter on entries. Taking a fresh breakout when the day has already spent 120 percent of its average range is a different trade from taking the same breakout at 45 percent. The setup may be identical, the room available is not.
As target context. If the upside projection is 12 points away and your target is 30 points, the day would have to become a statistical outlier for that target to fill.
As mean reversion context. A day that hits the projection level and stalls has, by definition, reached the edge of its usual distribution.
As session planning. Check the weekday row before the session opens to know whether to expect a wide day or a narrow one.
NOTES ON THE DATA
The sample is built from the chart itself, so it needs history loaded. The panel shows a Building sample message and stays hidden until the minimum day count is reached, rather than showing statistics based on six observations.
Only intraday timeframes are supported. On a daily chart or higher the concept has no meaning, and the panel says so instead of printing misleading numbers.
Older days are dropped once the sample cap is reached, so the statistics follow the current volatility regime instead of averaging in a market from two years ago.
Days are bounded by the exchange session of the symbol. On instruments that trade nearly around the clock the day boundary is a convention, not a natural break, which slightly inflates the ranges of days that straddle a rollover.
WHAT IT IS NOT
There are no entry or exit signals here, and none are planned. This is context. A completed range is not a reversal signal, and an unfinished range is not a reason to expect continuation. Trends routinely spend two or three average ranges in a session, which is precisely why the extension odds are shown rather than hidden.
This is an analysis tool, not financial advice. Past distributions do not guarantee future ones. Use it alongside your own risk management and position sizing. Indicator
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Daily Speed Exhaustion OscillatorDaily Speed Exhaustion Oscillator
OVERVIEW
The Daily Speed Exhaustion Oscillator is a momentum tool that measures how far price has traveled from the daily open relative to how much the asset typically moves in a full day. Its single purpose is to detect speed exhaustion: the moment when a fast directional move has spent its typical daily range and is likely to lose momentum.
This indicator does not measure direction or predict reversals. It measures the velocity of the current move relative to the asset's normal daily behavior.
WHAT IT IS MADE OF
The oscillator is built from three components:
1. Daily open reference. The indicator captures the opening price of the current daily session and uses it as the zero line. All measurement is relative to this point.
2. Average daily range. Each asset has its own typical daily range. The indicator stores a configurable average daily range per asset (Gold and EURUSD), with market-based default values that can be adjusted manually.
3. Normalized distance. The current distance of price from the daily open is divided by the average daily range and expressed as a percentage.
CALCULATION
The core formula is:
oscillator = (close - daily open) / average daily range * 100
A reading of 0% means price is sitting at the daily open. A reading of +100% means price has moved away from the open by an amount equal to one full typical day, entirely to the upside. A reading of -100% means the same to the downside. Readings beyond +/-150% indicate the move has exceeded one and a half times the normal daily range.
The daily open is captured directly on the chart by detecting the change of the daily session, which keeps the value stable across any intraday timeframe without repainting.
BANDS
Two band pairs are drawn:
- Upper and lower bands at +/-100%: price has covered a full typical day in one direction.
- Extreme bands at +/-150%: price has covered one and a half typical days in one direction.
The asset is auto-detected from the chart symbol, or can be selected manually. Each asset uses its own average daily range, so the same percentage scale is comparable regardless of the instrument.
HOW TO INTERPRET IT
The interpretation is simple and focused on one idea: when the oscillator line enters a band, expect the price to decelerate.
Once price has traveled more than its normal daily range, it cannot keep accelerating indefinitely. Reaching a band means the fast portion of the move has been spent. From that point, the move is statistically likely to slow down.
The line returning toward the center after touching a band is the signal that the fast move has ended and speed is normalizing. Because the indicator measures speed and not direction, the line returning to the center simply confirms that the sprint is over, regardless of what price does next.
The deeper the penetration into a band (especially beyond the extreme +/-150% level), the stronger the signal that the current pace will not continue.
HOW TO USE IT
Use this indicator to identify deceleration. When the oscillator enters a band, treat it as a signal that the rapid move is exhausting and is likely to slow down. This is useful as a filter to avoid chasing a move that has already covered its typical daily range and is about to lose momentum.
Watch for the line touching or penetrating a band, then observe price decelerate as the line returns toward the center.
NOTES
Default ranges are set for Gold (30 USD) and EURUSD (0.0070), based on typical average daily range values. These can be adjusted in the settings to match current volatility. For best results, observe the values your asset reaches and calibrate the average daily range so the bands are reached only on genuinely fast moves. Indicator
Average Daily Range Percentage (ADR%) and Average Daily VolumeTwo critical pre-trade filters, always visible right on your chart.
Before entering any swing trade, you need to know two things: is this stock volatile enough to move your account, and is it liquid enough to trade cleanly? This indicator answers both questions at a glance.
**ADR% (Average Daily Range)** measures how much a stock moves on an average day. Too low and it won't move your portfolio. Too high and the daily noise will stop you out randomly. The color tells you where you stand instantly.
**ADV (Average Dollar Volume)** measures how much money flows through the stock each day. Liquid stocks respect key levels, pull back cleanly to moving averages, and don't gap randomly on low volume. Illiquid stocks do the opposite.
Both values are color-coded against your thresholds:
🟢 Green — within your ideal range
🟠 Orange — borderline, proceed with caution
🔴 Red — outside your criteria, skip it
Fully customizable:
ADR% and ADV thresholds
Warning zones for borderline values
Lookback periods for both calculations
Colors for good, warning, and bad values
Default thresholds are calibrated for swing traders. Adjust to match your account size and risk tolerance.
Built for swing traders who want clean, fast chart reviews without second-guessing liquidity or volatility on every name. Indicator
Average Daily Range by BlemAverage Daily Range (ADR) Indicator
Displays the Average Daily Range of any instrument directly on your chart as a clean, screen-anchored overlay — accurate on any timeframe from 1-minute to weekly.
What it shows:
1. Average Daily Range — the N-day average of daily high-low ranges (default 14 days)
2. ADR Remaining — how much of today's average range is still uncovered, useful for setting intraday targets (optional, can be toggled off)
How it works:
ADR is calculated using actual daily candle data regardless of the timeframe you are viewing, so the value is always consistent and accurate.
Fully customizable:
• ADR lookback period
• Screen position (9 combinations — top/middle/bottom × left/center/right)
• Background color, text color, text size
• ADR Remaining color thresholds (green when range remains, red when nearly exhausted)
• Toggle ADR Remaining on/off
How to use:
Traders use ADR to understand how much movement to expect in a session. When ADR Remaining is high, there is still room for the move to continue. When it approaches zero, the daily range is nearly complete and momentum may fade.
ADR is a statistical generalization based on past price behavior.
On any given day, price may fall short of the average, or exceed it significantly. It should never be treated as a guaranteed target or a hard boundary.
Use it as a general reference for expected daily movement, not as a precise prediction. Indicator
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[Stop!Loss] ADR Signal ADR Signal - a technical indicator located in a separate window, which displays by default the 80%-level , as well as the 100%-level of the average daily range (ADR) for the last 10 days and compares it with the current intraday range. The indicator helps not only with the use of a mathematical-statistical method to identify a potential reversal at the moment during intraday trading, but can also serves as an effective assistant in risk management.
👉 Basic mechanics of the indicator
Firstly, this indicator tracks the performance of the standard ATR indicator on the daily chart, in other words, ADR (Average Daily Range).
Important ❗️The ATR (Average True Range) indicator was created by J. Welles Wilder Jr. He first introduced ATR in his book "New Concepts in Technical Trading Systems", published in 1978. Wilder developed this indicator to measure market volatility to help traders estimate the range of price movements. This indicator is built into PulseWire, more details can be found by link: www.pulsewire.com
Like ATR , ADR calculates the average true range for a specified period. In this case, the distance in points from the maximum of each day to its minimum is calculated, after which the arithmetic mean is calculated - this is ADR .
👉 Visualization
ADR Signal is located in a separate window on the chart and has 3 levels:
1) "ADR level" (green line) - the same parameter, the calculations of which are briefly described above. There is 100%-level of ATR on the daily chart (ADR).
2) "Current level" (red line) - this is the current price passage within the day, calculated in points. At the start of a new day, this parameter is reset. Therefore, in the indicator window, this line has sharp drops at the start of a new trading day: "A new trading day - the instrument's power reserve is renewed again".
3) "Signal level" (blue line) - this is an individually customized value that demonstrates a certain part of the ADR parameter.
👉 Inputs
1) - is responsible for the ATR indicator period, the value of which will always be calculated on the daily chart. The default value is "10", that is, ATR is calculated for the last 10 days (not including the current one).
2) - signal level (in %). The default value is "0.8", that is, 80%-level of the ADR parameter (set earlier) is calculated.
👉 Style
1) - by default, this level is colored "blue".
2) - by default, this level is colored "red".
3) - by default, this level is colored "green".
👉 How to use this indicator
Important❗️ The two methods of the use of the ADR Signal indicator described below will be most effective when trading intraday (which is highlighted quite well below), so it is more logical to use the indicator information on time periods H1 and below.
1) Identifying potential reversals during intraday trading:
The ADR Signal indicator can be used as a potential individual reversal strategy.
Important ❗️It should be noted that using it in it without additional confirming analysis tools will be a rather aggressive trading approach. Therefore, it is best to support the entry point in particular with other methods.
In this case, the crossing of the red line (the number of points passed within the current day, that is, from the minimum of the current day to its maximum) and the blue line (color of the Signal level based on the default settings), indicates that the trading instrument has passed 80% (based on the default settings for the "Signal level") of its average distance from the maximum to the minimum over the past 10 days (based on the default settings for the "ADR Length"). Such a situation in the context of the mathematical-statistical approach indicates a probable reversal, since the "power reserve" of this instrument is mostly exhausted, so one can expect with a higher probability, at least, a price stop and possibly a reversal. In case of crossing of the red line and the green one (ADR level), it says again that based on the mathematical-statistical approach, this trading instrument has completely exhausted its intraday "power reserve". In this situation, a stop or reversal of the price will be even more likely.
Of course, using the "Signal level" parameter, one can filter out even more reliable situations for potential price reversals within a day, namely, by specifying, for example, 1.5 in the field of this parameter. Under such conditions, in the case of crossing the red and blue lines (based on the default style settings), to say that the trading instrument has passed 150% of its average distance over the last 10 days (based on the default style settings "ADR length"). In this case, the probability of a stop or reversal of the price increases even more.
2) Use in risk management:
In terms of risk management, this indicator is more applicable to open trades. For example, if one had an open Buy-position (especially if it is an intraday trade) and the price has raised significantly during the day, then the crossing of the red line with the blue line , and especially the red line with the green line , may indicate that the price will most likely stop growing, since the "power reserve" is almost or completely exhausted for this instrument within the current day. In this case, one can, at a minimum, move the trade to breakeven or even partially fix the profit.
We will continue to discuss the methods of using this indicator and strategies based on it here. And we are always waiting for your reactions and feedback on this topic 💬.
Thank you for your support 🚀 Indicator
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Average Session Range [QuantVue]The Average Session Range or ASR is a tool designed to find the average range of a user defined session over a user defined lookback period.
Not only is this indicator is useful for understanding volatility and price movement tendencies within sessions, but it also plots dynamic support and resistance levels based on the ASR.
The average session range is calculated over a specific period (default 14 sessions) by averaging the range (high - low) for each session.
Knowing what the ASR is allows the user to determine if current price action is normal or abnormal.
When a new session begins, potential support and resistance levels are calculated by breaking the ASR into quartiles which are then added and subtracted from the sessions opening price.
The indicator also shows an ASR label so traders can know what the ASR is in terms of dollars.
Session Time Configuration:
The indicator allows users to define the session time, with default timing set from 13:00 to 22:00.
ASR Calculation:
The ASR is calculated over a specified period (default 14 sessions) by averaging the range (high - low) of each session.
Various levels based on the ASR are computed: 0.25 ASR, 0.5 ASR, 0.75 ASR, 1 ASR, 1.25 ASR, 1.5 ASR, 1.75 ASR, and 2 ASR.
Visual Representation:
The indicator plots lines on the chart representing different ASR levels.
Customize the visibility, color, width, and style (Solid, Dashed, Dotted) of these lines for better visualization.
Labels for these lines can also be displayed, with customizable positions and text properties.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers! Indicator
ADR Study [TFO]This indicator is focused on the Average Daily Range (ADR), with the goal of collecting data to show how often price reaches/closes through these levels, as well as a look at historical moves that reached ADR and at similar times of day to study how price moved for the remainder of the session.
The ADR here (blue line) is calculated using the difference between a day's highest and lowest points. If our ADR length is 5, then we are taking this difference from the last 5 days and averaging them together. At the following day's open, we take half of this average and plot it above and below the daily opening price to place theoretical limits on how far price may move according to the lookback period. The triangles indicate when price has reached ADR (either +ADR or -ADR), and alerts can be created for these events.
The Scale Factor is an optional parameter to scale the ADR by a certain amount. If set to 2 for example, then the ADR would be 2x the average daily range. This value will be reflected in the statistics options so that users can see how different values affect the outcomes.
Show Table will display data collected on how often price reaches these levels, and how often price closes through them, for each day of the week. By default, these are colored as blue and red, respectively. From the following chart of NQ1!, we can see for example that on Mondays, price reached +ADR 38% of the time and closed through it 23% of the time. Note that the statistics for closing through the ADR levels are derived from all instances, not just those that reached ADR.
Show Sample Sizes will display how many instances were collected for all given sets of data. Referring to the same example of NQ1!, we can see that this particular chart has collected data from 109 Mondays. From those Mondays, 41 reached +ADR (38%, verifying our initial claim) and 25 closed through it (23%). This is important to understand the scope of the data that we're working with, as percentages can be misleading for smaller sample sizes.
Show Histogram will plot the same exact data as the table, just in a histogram form to visually emphasize the differences on a day-by-day basis. On this chart of RTY1!, we can see for example from the top histogram that on Wednesdays, 40% reached +ADR and only 22% closed through it. Similarly if we look at the bottom histogram, we can see that Wednesdays reached -ADR 46% of the time and closed through it only 28% of the time.
We can also use Show Sample Sizes to display the same information that would be in the table, showing how many instances were collected for each event. In this case we can see that we observed 175 Fridays, where 76 reached +ADR (43%) and 44 closed above it (25%).
Show Historical Moves is an interesting feature of this script. When enabled, if price has reached +/- ADR in the current session, the indicator will plot the evolution of the close prices from all past sessions that reached +/- ADR to see how they traded for the remainder of the session. These calculations are made with respect to the ADR range at the time that price traded through these levels.
Historical Proximity (Bars) allows the user to observe historical moves where price reached ADR within this many bars of the current session (assuming price has reached an ADR level in the current session). In the above chart, this is set to 1000 so that we can observe each and every instance where price reached an ADR level. However, we can refine this a bit more.
By limiting the Historical Proximity to something like 20, we are only considering historical moves that reached ADR within 20 bars of todays +ADR reach (9:50 am EST, noted by the blue triangle up). We can enable Show Average Move to display the average move by the filtered dataset, and Match +/-ADR to only observe moves inline with the current day's price action (in this case, only moves that reached +ADR, since price has not reached -ADR).
We can add one more filter to this data with the setting Only Show Days That: closed through ADR; closed within ADR; or either. The option either is what you see above, as we are considering both days that closed through ADR and days that closed within it (note that in this case, closing within ADR simply means that price reached +ADR and closed the day below it, and vice versa for -ADR; this does not mean that price must have closed in between +ADR and -ADR). If we set this to only show instances that closed within ADR, we see the following data.
Alternatively, we can choose to Only Show Days That closed through ADR, where we would see the following data. In this case, the average move very much resembles the price action that occurred on this particular day. This is in no way guaranteed, but it makes an interesting case for how we could use this data in our analysis by observing similar, historical price action.
Please note that this data will change over time on a rolling basis due to PulseWire's bar lookback, and that for this same reason, lower timeframes will yield less data than larger timeframes. Indicator
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