[RS]Multiple ATR Analysis V1 — Indicator by RicardoSantos

ATR Volatility

atr volatility

UPDATE:
• added a mean version of atr using fractional lengths (requested by IvanLabrie):
• uses slow length property for setup.
• added Average Dayly Range (ADR) (requested by IvanLabrie)
• uses fast length property for setup.
• added Average Weekly Range (AWR)
• uses fast length property for setup.
• added Average Monthly Range (AMR)
• uses fast length property for setup.
• added Average Yearly Range (AYR)
• uses fast length property for setup.

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.

Want to use this script on a chart?

study(title="[RS]Multiple ATR Analysis V1")
fast_length = input(title='Fast ATR Length:', defval=14)
slow_length = input(title='Slow ATR Length:', defval=100)
SHOW_CATR = input(title='Show Cumulative ATR?:', defval=true)
SHOW_MATR = input(title='Show Mean ATR(fractional slow length)?:', defval=true)
SHOW_ADR = input(title='Show Average Dayly Range(fast length)?:', defval=true)
SHOW_WDR = input(title='Show Average Weekly Range(fast length)?:', defval=false)
SHOW_MDR = input(title='Show Average Monthly Range(fast length)?:', defval=false)
SHOW_YDR = input(title='Show Average Yearly Range(fast length)?:', defval=false)

catr = not SHOW_CATR ? na : cum(high-low)/(n+1)
matr = not SHOW_MATR ? na : (atr(round(slow_length*0.05))+atr(round(slow_length*0.25))+atr(round(slow_length*0.5))+atr(slow_length))/4
adr = not SHOW_ADR ? na : security(tickerid, 'D', atr(fast_length))
wdr = not SHOW_WDR ? na : security(tickerid, 'W', atr(fast_length))
mdr = not SHOW_MDR ? na : security(tickerid, 'M', atr(fast_length))
ydr = not SHOW_YDR ? na : security(tickerid, '12M', atr(fast_length))

plot(atr(fast_length), title='Fast ATR', color=red, trackprice=true)
plot(atr(slow_length), title='slow ATR', color=maroon, trackprice=true)
plot(catr, color=blue, title='CATR', trackprice=true)
plot(matr, color=navy, title='MATR', trackprice=true)
plot(adr, color=black, title='ADR', trackprice=true)
plot(wdr, color=gray, title='AWR', trackprice=true)
plot(mdr, color=silver, title='AMR', trackprice=true)
plot(ydr, color=aqua, title='AYR', trackprice=true)
hline(0, color=black)