%ATR + ΔClose Highlight

Script Overview

This indicator displays on your chart:

Table of the last N bars that passed the ATR-based range filter:

Columns: Bar #, High, Range (High–Low), Low

Summary row: ATR(N), suggested Stop-Loss (SL = X % of ATR), and the current bar’s range as a percentage of ATR

Red badge on the most recent bar showing ΔClose% (the absolute difference between today’s and yesterday’s close, expressed as % of ATR)

Background highlights:

Blue fill under the most recent bar that met the filter

Yellow fill under bars that failed the filter

Hidden plots of ATR, %ATR, and ΔClose% (for use in strategies or alerts)

All table elements, fills, and plots can be toggled off with a single switch so that only the red ΔClose% badge remains visible.

Inputs
Setting Description Default
Length (bars) Lookback period for ATR and range filter (bars) 5
Upper deviation (%) Upper filter threshold (% of average ATR) 150%
Lower deviation (%) Lower filter threshold (% of average ATR) 50%
SL as % of ATR Stop-loss distance (% of ATR) 10%
Label position Table position relative to bar (“above” or “below”) above
Vertical offset (×ATR) Vertical spacing from the bar in ATR units 2.0
Show table & ATR plots Show or hide table, background highlights, and plots true

How It Works
ATR Calculation & Filtering

Computes average True Range over the last N bars.

Marks bars whose daily range falls within the specified upper/lower deviation band.

Table Construction

Gathers up to N most recent bars that passed the filter (or backfills from the most recent pass).

Formats each bar’s High, Low, and Range into fixed-width columns for neat alignment.

Stop-Loss & Percent Metrics

Calculates a recommended SL distance as a percentage of ATR.

Computes today’s bar range and ΔClose (absolute change in close) as % of ATR.

Chart Display

Table: Shows detailed per-bar data and summary metrics.

Background fills: Blue for the latest valid bar, yellow for invalid bars.

Hidden plots: ATR, %ATR, and ΔClose% (useful for backtesting).

Red badge: Always visible on the right side of the last bar, displaying ΔClose%.

Tips
Disable the table & ATR plots to reduce chart clutter—leave only the red ΔClose% badge for a minimalist volatility alert.

Use the hidden ATR fields (plot outputs) in TradingView Strategies or Alerts to automate volatility-based entries/exits.

Adjust the deviation band to capture “normal” intraday moves vs. outsized volatility spikes.

Load this script on any US market chart (stocks, futures, crypto, etc.) to instantly visualize recent volatility structure, set dynamic SL levels, and highlight today’s price change relative to average true range.