Hey, this indicator will help you with your stock selection. The goal is to focus on stocks that move (higher ADR) and provide enough liquidity which means less risk.
ADR - Average Daily Range in % (measured from High to Low - does not include gaps like ATR does / Threshold color can be adjusted from input)
%Change - Current % change from prior close price
Vol- Todays Volume in MIO
ADV- Average Daily Volume in MIO - default set to 1 month (20 days, can be changed from input - Colored red if < 1 MIO)
VOL- Dollar Volume - Average Daily Volume multiplied with the last daily close price. Important for liquidity issues.
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In this updated version we improved UI. You can now:
- Change the position of the table - Choose between horizontal mode or vertical mode like in the prior version
Thanks to @jlsremes.
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- Added optional ATR value - Added option to change colors
Enjoy!
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New Feature: Minimum Threshold for Average Daily Volume (ADV)
We've introduced a new feature to enhance stock evaluation:
- Added a configurable minimum threshold for Average Daily Volume (ADV).
- Users can now set their desired ADV threshold in millions via the settings.
- Stocks that fail to meet the specified ADV criteria will be highlighted with a negative color in the dashboard, providing a quick visual indicator for low-volume securities.
This update allows for more refined stock filtering based on trading volume, helping users to focus on securities that meet their liquidity requirements.