OPEN-SOURCE SCRIPT
ATR %
ATR % Oscillator
A simple and effective Average True Range (ATR) indicator displayed as a percentage of the current price in a separate panel.
FEATURES:
• ATR displayed as percentage of current price for easy cross-asset comparison
• EMA smoothing line using the same period as ATR
• Configurable ATR period (default: 20)
• Clean visualization with zero reference line
HOW IT WORKS:
The indicator calculates ATR and converts it to a percentage: (ATR / Close) × 100
This normalization allows you to:
- Compare volatility across different instruments regardless of price
- Identify high and low volatility periods
- Use the EMA line to spot volatility trends
PARAMETERS:
ATR Period - The lookback period for ATR calculation (default: 20)
Timeframe - Choose any timeframe for ATR calculation independently from the chart timeframe (default: chart timeframe)
A simple and effective Average True Range (ATR) indicator displayed as a percentage of the current price in a separate panel.
FEATURES:
• ATR displayed as percentage of current price for easy cross-asset comparison
• EMA smoothing line using the same period as ATR
• Configurable ATR period (default: 20)
• Clean visualization with zero reference line
HOW IT WORKS:
The indicator calculates ATR and converts it to a percentage: (ATR / Close) × 100
This normalization allows you to:
- Compare volatility across different instruments regardless of price
- Identify high and low volatility periods
- Use the EMA line to spot volatility trends
PARAMETERS:
ATR Period - The lookback period for ATR calculation (default: 20)
Timeframe - Choose any timeframe for ATR calculation independently from the chart timeframe (default: chart timeframe)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.