Average Day Range
VolatilityOwn panel belowThe average of each day's high-minus-low.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
It tells you in price terms how much this symbol usually travels in a day. It excludes gaps, so it reads slightly smaller than ATR.
Where it misleads
It is in price units, so do not compare it directly across symbols.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Normalized ATR (%)ATR divided by price and expressed as a percentage.
- Ulcer IndexHow deep and how long price has been below its high, measured together.
- Bollinger BandsA band drawn above and below an average by the usual size of its swings.
- EnvelopeA band drawn a fixed percentage above and below a moving average.
- Keltner ChannelsA band set above and below an average by the average bar range (ATR).
- ATR BandsA band set a multiple of average range away from a moving average.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.