True Range in % — Indicator by TheHitman

I like to look at volatility in percentage and not in numbers. This is exactly what this script provides. It calculates the true range of a candle in percentage to the current price (for finished candles it uses it's close price).

The script also allows you to compare open and close prices.

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 a publication is governed by House Rules. You can favorite it to use it 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.

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