PROTECTED SOURCE SCRIPT
ATR Normalized Relative Strength
ATR Normalized Relative Strength measures how strongly the current chart symbol is moving relative to a chosen comparison symbol after adjusting both for their own volatility. It divides each symbol’s price by its 14-period ATR, then plots the ratio of those two normalized values. Readings above 1 indicate the chart symbol is outperforming the comparison symbol on an ATR-normalized basis, while readings below 1 indicate underperformance.
based on work done by SMB Capital and video found here:
https://www.youtube.com/watch?v=Eh6DUSgApIc
based on work done by SMB Capital and video found here:
https://www.youtube.com/watch?v=Eh6DUSgApIc
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.