OPEN-SOURCE SCRIPT

Swing Helper

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This script, titled "Swing helper", is a multi-metric dashboard designed to provide a comprehensive snapshot of a security's volatility, relative volume, and price action health directly on the chart. It focuses on Average Daily Range (ADR) relationship and key performance indicators to help traders identify setups like volatility contractions or trend strength.

Key Features
Dual-ADR Analysis: Calculates and compares Long-Term (LT) and Short-Term (ST) ADR percentages. The ADR Ratio helps identify when volatility is expanding or contracting relative to historical norms.

Relative Volume (RVol): Compares current volume to a 20-day moving average, highlighting institutional participation.

Dynamic Closing Range: Visualizes where the price is closing relative to the day's true range (the "Closing Range %"), indicating buying or selling pressure.

SMA 50 Distance: A unique metric that measures the price's distance from the 50-day Simple Moving Average in "ADR units," helping to gauge how overextended a stock is.

Automated Price Projections: Dynamically plots -1x and -2x ADR levels from the current price to provide immediate downside targets or support levels.

Custom Bar Coloring: Highlights specific price action patterns:

Inside Days (Blue)

Upside Reversals (Green)

Downside Reversals (Red)

Visual Customization
The script includes a highly flexible Summary Table with customizable positions, sizes, and colors (including borders and headers), allowing it to fit into any dark or light mode chart layout without obstructing price action.

How to Use
Volatility Contraction: Watch for the ADR Ratio to drop, indicating a tightening range before a potential breakout.

Relative Strength: Look for high RVol combined with a high Closing Range % (e.g., >75%) to confirm strong demand.

Mean Reversion: Use the SMA50 Dist metric to identify when a stock is "stretched" too far from its moving average relative to its daily volatility.

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