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.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。