ADX & ATR Display (Table) - Percentage ATR

Overview:
The "ADX & ATR Display (Table)" is a custom Pine Script indicator designed to provide real-time insights into market trend strength and volatility directly on your chart, presented in a clean, non-intrusive table format. It combines two powerful technical analysis tools: the Average Directional Index (ADX) and the Average True Range (ATR), helping traders quickly grasp current market conditions.

Key Features:

Average Directional Index (ADX):

Purpose: ADX quantifies the strength of a trend, regardless of its direction (up or down). It helps identify if a market is trending strongly or if it's in a ranging (sideways) phase.

Calculation: It is derived from positive (+DI) and negative (-DI) directional indicators, which measure the strength of upward and downward price movements respectively. The indicator then smooths the absolute difference between +DI and -DI.

Interpretation:

ADX values below 25 generally suggest a weak or ranging market.

Values between 25 and 50 indicate the presence of a trending market.

Values above 50 signify a strong trend.

A rising ADX line indicates increasing trend strength, while a falling ADX suggests the trend is weakening.

Display: Your indicator displays the ADX value as a direct numerical score (e.g., 56.5).

Average True Range (ATR):

Purpose: ATR measures the volatility of a market, providing a clearer understanding of the typical price fluctuation over a given period.

Calculation: ATR considers the "true range," which is the largest of three measures: the current high minus the current low, the absolute value of the current high minus the previous close, or the absolute value of the current low minus the previous close. This true range is then averaged over a specified period.

Interpretation:

Higher ATR values indicate higher volatility, meaning prices are experiencing more dramatic movements.

Lower ATR values suggest lower volatility, indicating more stable price action.

Display: Your indicator uniquely displays the ATR value as a percentage (%) of the current closing price, making it easy to compare volatility across different assets or price levels (e.g., 3.97%). This normalized view is particularly useful for position sizing and risk management.

Indicator Display:
This indicator presents both the ADX and ATR values in a compact, customizable table located at the top center of your chart. This allows for a quick, at-a-glance overview of the current market's trend strength and volatility without cluttering the main price action with overlay lines or sub-panes.

Usage:
Traders can utilize this indicator to:

Identify strong trending markets (via ADX) suitable for trend-following strategies.

Recognize ranging or consolidating markets (via ADX) where breakout strategies might be more appropriate.

Gauge market volatility (via ATR) to adjust stop-loss and take-profit levels dynamically.

Compare volatility across different instruments by normalizing ATR to a percentage.

Inputs:

ADX Length: (Default: 14) Adjusts the period for the ADX calculation.

ATR Length: (Default: 14) Adjusts the period for the ATR calculation.