Volatility Dashboard (ATR-Based)

Here's a brief description of what this indicator does:

- This measures volatility of currents based on ATR (Average True Range) and plots them against the smoothed ATR baseline (SMA of ATR for the same periods).
- It categorizes the market as one of the three regimes depending on the above-mentioned ratio:
- High Volatility (ratio > 1.2)
- Normal Volatility (between 0.8 and 1.2),
|- Low Volatility (ratio < 0.8, green)

- For each type of trading regime, Value Area (VA) coverage to use: for example: 60-65% in high vol trade regimes, 70% in normal trade regimes, 80-85% in low trade regimes
* What you’ll see on the chart:
- Compact dashboard in the top-right corner featuring:
- ATR (present, default length 20)

- ATR Avg (ATR baseline)
- The volatility regime identified based on the color-coded background and the coverage recommended for the VA.
Important inputs that can be adjusted:

- ATR Length (default 20) - “High/Low volatility thresholds” (default values: 1.2 – The VA coverage recommendations for each scheme (text) Purpose: - Quickly determine whether volatility is above/below average and adjust the coverage of the Value Area.

If you're using this for the GC1! Use 14 ATR Length, For ES or NQ Use Default Setting(20)