OPEN-SOURCE SCRIPT
Percentage Average True Range
Calculates the percentage movement of an instrument per day.
Default is 1 period ATR (ATR(1)) but this can be changed in the settings.
Maths - (ATR (1)/closing price)*100
Above is the ATR (1)
Below is the %ATR(1)
Default is 1 period ATR (ATR(1)) but this can be changed in the settings.
Maths - (ATR (1)/closing price)*100
Above is the ATR (1)
Below is the %ATR(1)
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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