OPEN-SOURCE SCRIPT
ATR Clouds
*Updated with Version 5*
ATR Clouds
The "ATR Clouds" indicator provides a visual representation of the stock's volatility based on the Average True Range (ATR) calculation. It operates by plotting two bands around the closing price of a stock, using the ATR as a measure of volatility.
Features:
ATR Calculation: The Average True Range is a commonly used metric to understand the volatility of an asset. The indicator calculates the ATR over a user-defined period, with the default being 14 periods.
ATR Bands: Using the ATR value, the script defines two bands:
Upper Band: This is calculated by adding the ATR value to the closing price of the stock. It represents a higher volatility boundary.
Lower Band: This is derived by subtracting the ATR value from the closing price. It indicates a lower volatility boundary.
Cloud Visualization: The space between the upper and lower bands is shaded to create a "cloud" on the chart. This cloud gives traders a clear visual cue of the stock's current volatility range. The cloud has an 80% transparency, allowing the underlying price chart to remain visible.
Customization: Users have the ability to adjust the period for the ATR calculation based on their preferences.
Usage:
Traders can use the ATR Clouds indicator to get a sense of the stock's volatility. Wider clouds indicate periods of higher volatility, while narrower clouds suggest lower volatility. This can be beneficial for se
ATR Clouds
The "ATR Clouds" indicator provides a visual representation of the stock's volatility based on the Average True Range (ATR) calculation. It operates by plotting two bands around the closing price of a stock, using the ATR as a measure of volatility.
Features:
ATR Calculation: The Average True Range is a commonly used metric to understand the volatility of an asset. The indicator calculates the ATR over a user-defined period, with the default being 14 periods.
ATR Bands: Using the ATR value, the script defines two bands:
Upper Band: This is calculated by adding the ATR value to the closing price of the stock. It represents a higher volatility boundary.
Lower Band: This is derived by subtracting the ATR value from the closing price. It indicates a lower volatility boundary.
Cloud Visualization: The space between the upper and lower bands is shaded to create a "cloud" on the chart. This cloud gives traders a clear visual cue of the stock's current volatility range. The cloud has an 80% transparency, allowing the underlying price chart to remain visible.
Customization: Users have the ability to adjust the period for the ATR calculation based on their preferences.
Usage:
Traders can use the ATR Clouds indicator to get a sense of the stock's volatility. Wider clouds indicate periods of higher volatility, while narrower clouds suggest lower volatility. This can be beneficial for se
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。