ADR et %+Vol (ADR ou %)

This indicator identifies breakout bars based on significant price movements combined with increased trading volume. It allows you to define breakout thresholds in two ways:

Key Features:

Threshold Method: Choose between:

• Fixed Percentage (%): Specify an exact percentage move.
  
• ADR-based (%): Utilize the Average Daily Range (ADR) multiplied by a factor of your choice.
  

ADR Calculation: Offers two distinct calculation methods to suit your trading style:

• True Range (TR): Incorporates overnight gaps, making it ideal for swing trading.
  
• High-Low (H-L): Purely intraday measure, suitable for day trading without gap consideration.
  

Timeframe Flexibility:

• Select the desired timeframe for ADR calculation (e.g., Daily, Weekly, Hourly), providing flexibility to match your specific trading horizon.
  

Visual Signals:

• Blue Bar Coloring: Highlights breakout candles clearly.
  
• Blue Circle Markers: Signals bars with significant price movement accompanied by strong volume.
  

Information Display:

• Shows the ADR percentage, selected timeframe, and calculation method directly on the chart (top-right), providing instant clarity about the current settings.
  

Usage Recommendations:
Use True Range ADR if you hold positions overnight or trade multi-day swings.
Opt for High-Low ADR if you're trading purely intraday and prefer simpler measures.

This versatile indicator is suited for both swing and intraday traders looking for reliable volatility measures combined with volume confirmation.