ADR Checker - Breakouts

📈 ADR Checker – Breakouts
Gain the edge by knowing when a stock has already made its move.

🚀 What It Does:
The ADR Checker - Breakouts is a powerful yet simple visual tool that helps traders instantly assess whether a stock has already exceeded its Average Daily Range (ADR) for the day — a critical piece of information for momentum traders, swing traders, and especially those following breakout, VCP, or CANSLIM strategies.

Using a customizable on-screen table that always stays in view (regardless of zoom or chart scaling), this script shows:

✅ Average ADR% – 20-day average range, calculated in %.

📊 Today’s Move – how much the stock has moved today.

🔥 % of Avg ADR – today's move relative to its historical average, with live color feedback:

🟥 Over 100% (Overextended – danger!)

🟧 70-100% (Caution zone)

🟩 Below 70% (Room to move)

💡 Why It Matters:
One of the most overlooked mistakes by breakout traders is entering a trade after the move has already happened. If a stock has already moved more than its typical daily range, the odds of further continuation sharply decrease, while the risk of pullback or chop increases.

With this tool, you can:

🚫 Avoid chasing extended breakouts

🎯 Time entries before the real move

⚠️ Quickly assess risk/reward potential intraday

🧠 Example Use Case:
Imagine you're watching a classic VCP setup or flat base breakout. The stock breaks out on volume—but when you check this indicator, you see:

Today’s Move: 7.2%
Avg ADR: 5.3%
% of ADR: 135% 🟥

This tells you the stock is already well beyond its average daily range. While it may continue higher, odds now favor a consolidation, shakeout, or pullback. This is your cue to wait for a better entry or pass entirely.

On the flip side, if the breakout just started and the % of ADR is still under 50%, you have confirmation that there’s room to run — giving you more confidence to enter early.

⚙️ Fully Customizable:
Choose position on screen (top/bottom left/right)

Customize text color, background, and size

🔧 Install This Tool and:
✅ Stop chasing extended moves
✅ Add discipline to your entries
✅ Improve your breakout win rate

Perfect for VCP, CANSLIM, and BREAKOUT traders who want a clean, edge-enhancing visual guide.