OPEN-SOURCE SCRIPT
Average True Range Normalized
This is a modified version of ATR. Instead of having volatility reading as unit price, we have percentage of the current price. Let say currently ATR is at 200 and the current close is 2000. Then this ATR will output 10.0 (10.0% volatility reading).
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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