ADR from 50 SMA - Histogram & Label

More inside the script

INDICATOR PURPOSE:
This indicator measures how far price has moved from the 50-period SMA
in terms of Average Daily Range (ADR). It helps identify:
- When stocks are overextended and may be due for pullback/consolidation
- Potential entry/exit points based on momentum extremes
- Position trimming opportunities when price is stretched

INTERPRETATION:
- Positive values = Price is ABOVE the 50 SMA
- Negative values = Price is BELOW the 50 SMA
- Higher absolute values = More extreme/stretched moves
- Values >2 or <-2 typically indicate overextended conditions