Swing Data - ADR% / RVol / PVol / Float % / Avg $ Vol

The Swing Data - ADR% / RVol / PVol / Float % / Avg $ Vol indicator provides a consolidated dashboard of essential fundamental and technical metrics designed to help swing traders assess stock volatility, liquidity, and volume dynamics at a glance.

Usage

The Usage section describes how the script can be used to interpret market data through its visual table. Traders can use this tool to filter for high-conviction setups based on specific criteria like relative volume surges or low float volatility.

• Volatility Assessment: Use the ADR% (Average Daily Range) and ATR to determine if a stock has enough "room to move" for your profit targets. A higher ADR% suggests greater potential intraday or swing price swings.
• Volume Analysis: The RVol (Relative Volume) and Projected Volume help identify if a move is being backed by institutional interest. Values significantly above 100% indicate unusual activity.
• Liquidity Monitoring: Refer to Avg $ Volume to ensure the asset has enough liquidity to enter and exit positions without significant slippage.
• Price Positioning: The LoD dist. (Distance from Low of Day) and 52-Week High/Low distances help identify where the current price sits within its historical and daily ranges.

Details

The script calculates several complex metrics to provide a comprehensive market overview:

• ADR% (Average Daily Range): Calculates the average percentage difference between daily highs and lows over a set period, providing a "volatility footprint" that excludes price gaps.
• Relative Volume (RVol): Compares the current volume to a 50-period Simple Moving Average (SMA). A value of 100% means volume is exactly at the average.
• Float %: Derived from the company's outstanding shares available for public trading. Lower float percentages often correlate with higher price volatility due to supply constraints.
• Projected Volume: An estimation of where the day's volume will end based on the current rate of accumulation relative to the elapsed time in the trading session.
• RS Rating: A comparative strength measure that evaluates the performance of the ticker against a benchmark (like the SPX) over multiple lookback periods (63, 126, 189, and 252 days).

Settings

Table

• Add an empty row above the displayed values: Adds padding to prevent UI overlap with platform icons.
• Add empty rows under the displayed values: Adds padding at the bottom of the table.
• Table Position: Sets the anchor point for the dashboard (Top Right, Top Left, etc.).
• Table Size: Adjusts the overall scaling of the text and cells.
• Background Color: Customizes the transparency and color of the table background.

Display

• Show Market Cap / Shares Float / Float%: Toggles visibility of fundamental share data.
• Show ADR% / ATR / ATR%: Toggles visibility of various volatility metrics.
• Show LoD dist. / LoD Price: Displays how far the price has moved from its daily low.
• Show %dist of 52 We High/Low: Shows the proximity to yearly extremes.
• Show Avg $ Volume / Avg Volume: Toggles dollar-denominated and share-denominated liquidity.
• Show Projected Volumes / Relative Volume: Toggles intraday volume estimation and comparative volume.
• Show Sector / Ind. Grp: Displays the company's classification.

Parameters

• ADR% Length: The number of bars used to calculate the average daily range.
• ATR Length: The lookback period for the Average True Range calculation.
• Volume MA Length: The lookback period for calculating the "normal" volume baseline.

FAQ

How do I interpret a high Relative Volume (RVol)? A high RVol (e.g., > 200%) indicates that the stock is trading twice its usual volume, which often precedes significant price breakouts or trend reversals.

What is the difference between ADR% and ATR? ADR% measures the daily range as a percentage of the price, making it easy to compare volatility across different stocks, whereas ATR measures volatility in absolute dollar terms.

How can I access this indicator? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.