indicator · own pane · open source
Annualized Range
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About
Annualized Range expresses the recent high-low excursion as a percent of price and scales it to a yearly equivalent — a 'how much did it actually move' vol estimator.
- Useful when close-to-close vol masks big intraday ranges (crypto / FX).
- Compare to Historical Volatility to see how much of the move came from gaps vs intraday range.
Source code
//@version=5
indicator("Annualized Range", overlay=false)
len = input.int(20, "Lookback", minval=2, maxval=252)
ar = 100 * (ta.highest(high, len) - ta.lowest(low, len)) / close * math.sqrt(252 / len)
p_AR__ = plot(ar, "AR %", color=color.orange, linewidth=2)
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