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 ...
This indicator adds stochastic, multi time frame, signal line, histogram, and bar coloring options to my previous indicators. It can also replicate standard Money Flow Index ( MFI ), Chaikin's Accumulation/Distribution Line ( ADL ), On Balance Volume ( OBV ) and Price-Volume Trend ( PVT ). This indicator can be used for analyzing momentum, buy/sell pressure,...