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 creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.