A Volume-Adjusted ATR Indicator with Line and Histogram Displays

Summary

This document describes a customizable ATR-style indicator based on the current period’s high-low range and gaps between the current high or low and the previous close. Users can set the calculation period, choose whether to incorporate volume, and display the output as either a line or histogram. In the volume-enabled variant, current-period volume is added to the calculated minimum price difference, changing the indicator’s scale and interpretation compared with a conventional range-based ATR.

The document identifies the available settings and mentions example chart presentations for the different display and volume choices. It gives no formula details beyond the stated price comparisons and volume addition, and provides no comparative analysis, trading rules, or performance evidence. In particular, it does not explain how volume is normalized against price or typical volume, so the resulting values may not be directly comparable across instruments or periods. Traders would need to inspect the underlying implementation and assess the indicator’s behavior before using it for volatility measurement or position sizing.

Key ideas

• The indicator uses high-low range and gaps from the previous close in its calculation.
• Its period, volume inclusion, and visual style are configurable.
• The volume option adds current-period volume to the calculated price difference.
• Line and histogram displays are both available.
• No trading results or normalization method are described.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.