As you can see in the chart below, regular ATR is not useful for long term analysis. Normalizing it, fixes the issue. This indicator can be used to measure absolute volatility. It has a built-in stochastic as well for relative volatility. ATR counts high and low in the equation unlike Bolinger Band Width.
Stochastic:
The RVI is a modified form of the relative strength index (RSI).
The original RSI calculation separates one-day net changes into
positive closes and negative closes, then smoothes the data and
normalizes the ratio on a scale of zero to 100 as the basis for the
formula. The RVI uses the same basic formula but substitutes the
10-day...
![BLX: Normalized Average True Range (NATR) (Volatility) [cI8DH]](https://s3.tradingview.com/l/LUvQgXce_mid.png "Normalized Average True Range (NATR) (Volatility) [cI8DH]")
