OPEN-SOURCE SCRIPT

Normalized Average True Range

This is a Normalized ATR, which means it displays ATR as a percentage instead of absolute price. For example, a value of 1 indicates a true range of 1% in a given period.

This indicator creates a moving average of the volatility of a product going back X number of periods and is useful for deciding what to trade. For example, if used on a daily chart, one product displays a value of 4 you can reasonably expect it to have larger price swings and movement compared to another product that displays 1.

It does not predict direction, rather the size of moves.
ATRAverage True Range (ATR)normalizedpercent

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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