Volatility Ranges LAB

Description This is the "LAB" edition of a comprehensive Volatility Analysis System designed for precision trading. It combines multi-timeframe statistical ranges (ADR, AWR, AMR) with a real-time Data Dashboard to visualize expected market moves.

Underlying Concepts & Methodology The indicator calculates volatility based on historical averages using either SMA or RMA (Wilder's Smoothing).

Anchoring: Projects ranges from the opening price. Includes a specialized NY Midnight Open (00:00 EST) anchor for accurate Forex alignments.

Projections: Plots standard volatility limits (100%) and exhaustion extensions (up to 200%) to identify overextended price action.

Dashboard: A built-in panel monitors the current status of all three timeframes (Daily, Weekly, Monthly), acting as a risk scanner.

Key Features

3 Timeframes: Simultaneous Daily (ADR), Weekly (AWR), and Monthly (AMR) levels.

Expansion Zones: Optional levels (125%, 150%, 200%) to spot extreme reversals.

Smart Dashboard: Color-coded table indicating risk levels (Traffic Light system).

Customization: Full control over colors, line styles, and label visibility.

How to Use

Targeting: Use the 100% lines as statistical take-profit zones.

Reversals: When price reaches expansion zones (e.g., 125% of ADR), the probability of a reversal increases significantly.

Dashboard: Use it to check if the asset has already consumed its average range for the day/week.

[English Translation of User Interface]

To comply with House Rules regarding non-English UI, here is the translation of the script's settings menu:

0. Rótulos (Labels)

Tamanho do Texto = Text Size

Mostrar Período/Nome/Preço = Show Period/Name/Price

Mostrar Variação Real % = Show Real % Variation

1. Geral (General)

Escala do Gráfico = Chart Scale (Linear/Log)

Método de Cálculo = Calculation Method (SMA/RMA)

2. ADR (Daily Settings)

Ativar ADR = Enable ADR

Período Média = Average Period (Days)

Usar NY Midnight Open = Use NY Midnight Open

Projeção Futura = Future Projection (Bars)

Mostrar Expansões = Show Expansions (125-200%)

Estilo/Espessura = Style/Width

Cor Máxima/Mínima = High/Low Color

Mostrar Terços/25%/50% = Show Thirds/25%/50%

3. AWR (Weekly Settings)

Ativar AWR = Enable AWR

Período Média = Average Period (Weeks)

Usar Abertura Semanal = Use Weekly Open Ref

4. AMR (Monthly Settings)

Ativar AMR = Enable AMR

Período Média = Average Period (Months)

5. Dashboard

Mostrar Dashboard = Show Dashboard

Tema de Fundo = Background Theme (Dark/Light)

Unidade de Medida = Unit (Points/Pips)

Psicologia das Cores = Color Psychology (Traffic Light/Heatmap)

Posição na Tela = Screen Position