Live ATR vs EOD ATR (Colored Histogram + Alerts)

This indicator compares real-time intraday volatility against yesterday's established volatility (EOD ATR) – a powerful benchmark most tools ignore. It answers: "Is today's price action more volatile than yesterday's range?"

🔑 Core Innovations:
EOD ATR Benchmark

Uses yesterday's Daily ATR (calculated at market close) as a reference point.

Unlike standard ATR (which updates intraday), this anchors volatility to a fixed, objective daily value.

Live Intraday Range Tracking

Dynamically measures today’s high-low range as the session progresses.

Resets automatically at each new trading day.

Intuitive Color-Coded Histogram

Blue: <50% of yesterday’s ATR (low volatility).

Yellow: 50-75% (building momentum).

Orange: 75-99% (approaching high volatility).

Red: ≥100% (today’s range EXCEEDED yesterday’s volatility).

Smart Threshold Alerts

Triggers once-per-day alerts at key milestones:

50%: Early volatility expansion signal.

75%: Momentum warning.

100%: Critical breakout/breakdown threshold.

Resets alerts daily to avoid duplicates.

💡 Why Traders Love It:
Anticipate Breakouts: Spot accelerating volatility before price makes large moves.

Contextualize Volatility: Know if today’s action is "normal" vs. abnormal relative to the prior session.

Day Trading Edge: Gauge exhaustion (e.g., red histogram) or accumulation (blue histogram).

⚙️ Inputs:
ATR Period: Adjust sensitivity (default: 14).

📊 Features:
Visual Threshold Lines: 50% (dotted), 75% (dashed), 100% (solid red).

Alerts: Customizable notifications for volatility milestones.

Pro Tip: Combine with price action! A red histogram + breakout above today’s high = high-probability trend confirmation.

🎯 Free for use on TradingView – feedback welcomed!
⚠️ Disclaimer: For educational purposes only. Trade at your own risk.