OPEN-SOURCE SCRIPT

ATR+

(Experimental)

I often use the ATR as a volatility filter, to get better entries or to just get a quick understand of the volatility when screening different stocks.

With this indicator you can use the ATR in a few different ways:

-- Dynamic ATR --

To get more comparability between stocks I use a dynamic/normalized ATR, so I've experimented with two different methods.
ATR% can be calculated using John Forman’s approach called Normalized ATR (ATR / Close * 100). Or it can be calculated using what I call "Non Forman",
where the normalization happens to the true range and not to the average true range (average of (TR / Close * 100)). I think this method is "cleaner",
though the difference between the two is minimal. For more on this see macroption.com/normalized-atr/

You can chose between normal ATR (not normalized), Forman's normazation method, and "Non-Forman" normalization.

-- Smoothed ATR --

I originally used an ATR on a higher timeframe to get an idea of the overall volatility. But with higher time frames you always end up lag (or repainting
issues when combining into an indicator). So I expertimented on smoothing the true range, by including several bars into the calculation. I most trade
on a daily time frame so to my default "smoothing" is calculating the true range based on the last 5 days. This pretty much equals how the weekly TR
would be calculated, but since it updates daily we get a different result.

You can chose between displaying the standard ATR, the smoothed ATR or both.

-- Thresholds --

To make it more clear and visually more appealing I added thresholds and I'm plotting warning zones for low volatily.

-- Moving Average Method --

I think the best results from ATR comes when using RMA. But since I wanted to experiment with different options, the moving averages can be done using
RMA, SMA, EMA, Hull MA, or WMA.
Average True Range (ATR)Oscillators

Mã nguồn mở

Theo tinh thần TradingView thực sự, tác giả của tập lệnh này đã xuất bản dưới dạng nguồn mở để các nhà giao dịch có thể hiểu và xác minh. Chúc mừng tác giả! Bạn có thể sử dụng miễn phí. Tuy nhiên, bạn cần sử dụng lại mã này theo Quy tắc nội bộ. Bạn có thể yêu thích nó để sử dụng nó trên biểu đồ.

Bạn muốn sử dụng tập lệnh này trên biểu đồ?

Thông báo miễn trừ trách nhiệm