OPEN-SOURCE SCRIPT
Updated ATR %
Displays ATR percentage with 2SD. When value is greater than 12% I consider the stock as highly volatile
Release Notes
ATR is the most important metric to guage the stock. If ATR is raising, better stay away from the stock, i.e in an uptrend, if ATR is greater than the Long term average ATR that
is the indication that profit booking phase in the stock has reached.
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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