Average True Range — Indicator by zachary.mickelson

ATR

atr

The Default Average True Range doesn't appear to be accurate, not sure why. Rewrote it, hopefully it works better for everyone than the original.

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

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Want to use this script on a chart?

study(title="Average True Range", shorttitle="ATR", overlay=false)
length = input(13, minval=1)
plot(sma(tr, length), color=red, offset = 1)