CUSTOM ADR STUDY FOR THINKORSWIM

📈 Free ADR % Analyzer (Thinkorswim Custom Study)

Unlock a smarter way to measure volatility and trade only when the reward truly justifies the risk.

This free Thinkorswim study automatically calculates the 20-day Average Daily Range (ADR) as a percentage, giving you clear visibility into how much a ticker typically moves relative to its own price. Instead of guessing whether a setup has enough range to justify entries, stops, and targets — this tool quantifies it in real time.

Whether you're trading small caps, large caps, options, or ETF momentum runs, knowing the ADR% helps you avoid dead charts, size positions more intelligently, and focus only on opportunities with proven movement.

🧠 What It Does

• Shows the average percentage move per day over the last 20 sessions
• Helps filter out low-volatility or stagnating tickers
• Identifies high-range momentum conditions perfect for breakout traders
• Displays a clean line plot + ADR% label in your lower indicator panel

🔥 Why Traders Love It

• Fast volatility screening
• Perfect for breakout & momentum systems
• Works on stocks, ETFs, futures, and crypto on ToS
• Ultra-clean, lightweight, zero-lag calculation
• Plug-and-go — no settings required

⚙️ Technical Specs

• Platform: Thinkorswim (Schwab)
• Timeframe: Works on all chart timeframes
• Default Lookback: 20 candles
• Output: Percentage-based ADR line + live % label

🎁 Price

100% Free — because real traders help other traders win.