OPEN-SOURCE SCRIPT

Average True Range Percentage (ATRP)

3 990
What is ATRP?
Average True Range Percentage (ATRP) expresses the Average True Range (ATR) indicator as a percentage of a bar’s closing price.

How does this indicator work?
ATRP is used to measure volatility just as the Average True Range (ATR) indicator is. ATRP allows securities to be compared, where ATR does not.
ATR measures volatility at an absolute level, meaning lower priced stock will have lower ATR values than higher price stocks.
ATRP displays the indicator as a percentage, to allow for securities trading at different prices per share to be compared.

Reference: fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/atrp

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.