OPEN-SOURCE SCRIPT
Updated Daily Average True Range
If you want to get an idea if the current range (low to high) is extended or not?
This script should help you to get an idea relative to the ATR.
Further comments you find in the script.
Feel free to modify upon your needs.
Jonas
NB: Due to issues around the "security" function, the recommended patch of Trading View was implemented.
This script should help you to get an idea relative to the ATR.
Further comments you find in the script.
Feel free to modify upon your needs.
Jonas
NB: Due to issues around the "security" function, the recommended patch of Trading View was implemented.
Release Notes
Some modifications to security function. Old version is commented with "//"
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 publications is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
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.