OPEN-SOURCE SCRIPT
True_Range_%
Average True range percent show the the latest true range value as percentage of previous close.
Standard ATR shows the average of absolute value of True range. This is problem when price level changes over time. Because Stocks trading at higher price level e.g $1,000 will have high ATR value as compared to stocks trading $ 50. This may look like volatility has increase recently which is of-course not true. As you can see in the chart, ATR value of period before 2020 is lower than the recent period.
True Range Percentage solves value. With this script you can also find when there is a Volatility spike (1.5 time of avg) or Low volatility (0.7 times of avg).
Volatility is cyclic in nature. It oscillates between high and low. Observing this behavior can be extremely usefully in timing entry and exits.
Standard ATR shows the average of absolute value of True range. This is problem when price level changes over time. Because Stocks trading at higher price level e.g $1,000 will have high ATR value as compared to stocks trading $ 50. This may look like volatility has increase recently which is of-course not true. As you can see in the chart, ATR value of period before 2020 is lower than the recent period.
True Range Percentage solves value. With this script you can also find when there is a Volatility spike (1.5 time of avg) or Low volatility (0.7 times of avg).
Volatility is cyclic in nature. It oscillates between high and low. Observing this behavior can be extremely usefully in timing entry and exits.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。