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drinchi

Histogram ATR-SMA(ATR) by drinchi

drinchi  
Average True Range (ATR)
558
3
averagetruerange
Indicator make histogram from difference of:
- classic ATR (default period - 14)
- Simple Moving Average (default period - 100) to this ATR.

Histogram colored (green when >0, red <0).
Volatility increase signal - histogram crosses the zero line.

For greater visibility, a colored variable moving average (variable SMA for histogram) was added
(green when increase, red when decrease).
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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