OPEN-SOURCE SCRIPT
ATR as % of Price
### **ATR as % of Price - TradingView Indicator**
📈 **Description:**
This indicator converts the **Average True Range (ATR)** into a **percentage of the closing price**, providing a clearer perspective on volatility relative to the stock’s price. Unlike the standard ATR, which is displayed in absolute price units (e.g., dollars), this version expresses ATR as a percentage, making it useful for comparing volatility across different stocks, ETFs, and crypto assets.
🔥 **Why Use This?**
- Easily compare volatility between stocks with different price levels.
- Identify high-volatility periods relative to a stock’s price.
- Adjust stop-loss and position sizing more effectively.
⚙️ **How It Works:**
- Calculates the **ATR** over a chosen period (default: 14).
- Divides ATR by the **closing price** and multiplies by **100** to get a percentage.
- Displays the result as a line chart.
🛠 **Customization:**
- Modify the **ATR length** in settings to match your trading style.
- Use in conjunction with support/resistance levels and moving averages for better trade decisions.
✅ **Ideal For:**
- Swing traders, day traders, and investors who want **relative volatility** insights.
- Stocks, forex, crypto, and commodities analysis.
🚀 **Try it now and enhance your volatility analysis!**
📈 **Description:**
This indicator converts the **Average True Range (ATR)** into a **percentage of the closing price**, providing a clearer perspective on volatility relative to the stock’s price. Unlike the standard ATR, which is displayed in absolute price units (e.g., dollars), this version expresses ATR as a percentage, making it useful for comparing volatility across different stocks, ETFs, and crypto assets.
🔥 **Why Use This?**
- Easily compare volatility between stocks with different price levels.
- Identify high-volatility periods relative to a stock’s price.
- Adjust stop-loss and position sizing more effectively.
⚙️ **How It Works:**
- Calculates the **ATR** over a chosen period (default: 14).
- Divides ATR by the **closing price** and multiplies by **100** to get a percentage.
- Displays the result as a line chart.
🛠 **Customization:**
- Modify the **ATR length** in settings to match your trading style.
- Use in conjunction with support/resistance levels and moving averages for better trade decisions.
✅ **Ideal For:**
- Swing traders, day traders, and investors who want **relative volatility** insights.
- Stocks, forex, crypto, and commodities analysis.
🚀 **Try it now and enhance your volatility analysis!**
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans des publications est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Vous voulez utiliser ce script sur un graphique ?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.