ATR% Volatility Zones

This indicator calculates ATR% (Average True Range as a percentage of price) using a 14-day ATR.
It classifies volatility into three zones:

Low (<2%) – Green background: Slow movers, low volatility.

Medium (2–4%) – Yellow background: Balanced volatility.

High (>4%) – Red background: Fast movers, breakout candidates.

The ATR% line is plotted in purple for easy visibility.

Works best on the daily timeframe for swing trading setups.