HBtrader22

Normalized Average True Range

This is a Normalized ATR, which means it displays ATR as a percentage instead of absolute price. For example, a value of 1 indicates a true range of 1% in a given period.

This indicator creates a moving average of the volatility of a product going back X number of periods and is useful for deciding what to trade. For example, if used on a daily chart , one product displays a value of 4 you can reasonably expect it to have larger price swings and movement compared to another product that displays 1.

It does not predict direction, rather the size of moves.
Skript med en öppen källkod

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