OPEN-SOURCE SCRIPT
True Range & ATR
Description: This indicator plots both the True Range (TR) and the Average True Range (ATR) in a separate pane below the main chart.
- TR represents the absolute price movement range within each candle.
- ATR is a smoothed version of TR over a user-defined period (default: 14), providing insight into market volatility.
- TR is displayed as a histogram for a clearer view of individual candle ranges.
- ATR is plotted as a line to show the smoothed trend of volatility.
This indicator helps traders assess market volatility and potential price movements.
- TR represents the absolute price movement range within each candle.
- ATR is a smoothed version of TR over a user-defined period (default: 14), providing insight into market volatility.
- TR is displayed as a histogram for a clearer view of individual candle ranges.
- ATR is plotted as a line to show the smoothed trend of volatility.
This indicator helps traders assess market volatility and potential price movements.
Açık kaynak kodlu komut dosyası
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 publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
Bu komut dosyasını bir grafikte kullanmak ister misiniz?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.