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brettkind

Averange Percentage Range

brettkind  
Average True Range (ATR) range percentage
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averagetruerange range percentage
This Indicator displays the two different Averange Percentage Range (APR) and the Percentage Range of the current bar.
If the long term APR is over the short term it indicates a lower volatility otherwise a higher.
You can set the calculation method, rising for (highest/lowest-1)*-100 or falling for (lowest/highest-1)*-100.
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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