Simple ATR Volatility Context v1.0

This indicator provides a simple visual view of market volatility using ATR expressed as a percentage of price. It is designed to help identify when a market transitions from low-activity (compression) to higher-activity (expansion).

What it does

Calculates ATR as a percentage of price

Highlights the chart when volatility exceeds a user-defined threshold

Helps distinguish between quiet markets and trade-worthy conditions

How to use it

Green background indicates elevated volatility

Neutral / muted background indicates low volatility

Use alongside your own trend, structure, or entry tools

What this is not

Not a buy or sell signal

Not predictive

No performance claims

This tool is intended for market context and awareness, not standalone trading decisions.