OPEN-SOURCE SCRIPT

ADR(20)% - Qullamagi (corner value) v6

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This indicator displays the 20-bar Average Daily Range (ADR) either as a percentage of price or in raw dollar terms, shown in a clean corner box on the chart.
Switch between % ADR and $ ADR with a single checkbox.

Place the output box in any chart corner.

Useful for volatility assessment, stop-loss sizing, and stock selection.

Inspired by the trading approach of Kristjan Qullamägi (Qullamaggie), who uses ADR(20) both to filter high-momentum stocks and to size risk (stops should generally be ≤ 1×ADR).

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