The PFT ATR Range

Custom script — volatility and session range analysis tool

• Real-time session range consumption display — shows how much of the typical daily range has already been used
• Historical volatility comparison — contrasts current move size against average ATR for the instrument
• Visual range meter — instant read on whether the market is early, mid, or late in its typical range
• Extended market condition detection — flags when price has moved beyond normal range parameters
• Designed for all CME futures instruments, also compatible with crypto and forex

The ATR Range indicator calculates the current session's range (high minus low) in real time and compares it against the instrument's Average True Range over a configurable lookback period. The result is displayed as a percentage of range consumed — giving traders an immediate read on how much potential movement remains in the session. When the consumed range approaches or exceeds 100% of the ATR, the indicator flags extended market conditions, helping traders assess whether a session move may be approaching exhaustion.

Users can adjust the ATR lookback period and the session time boundaries to match their preferred trading session. Visual display settings including colors and threshold levels are configurable directly within ATAS.

Use Cases

1. Pre-session planning — check the ATR Range before the open to assess realistic range expectations based on how much the instrument typically moves.
2. Late move filter — if the session has already consumed 80%+ of the average ATR, traders can reassess whether the setup offers sufficient remaining potential before making a decision.
3. Target reference — use remaining range potential as a reference for evaluating target levels relative to current volatility conditions.
4. Extended market detection — when range consumption exceeds 100% of ATR, the indicator flags that the market is in an unusually extended state; traders can independently reassess their approach in the context of extended volatility.

Pricing: €14.99/month — 5-day free trial, card required, auto-renewal. Cancel anytime. Available via Copecart.