As you can see in the chart below, regular ATR is not useful for long term analysis. Normalizing it, fixes the issue. This indicator can be used to measure absolute volatility. It has a built-in stochastic as well for relative volatility. ATR counts high and low in the equation unlike Bolinger Band Width.
hello sir, where could i learn more about technical indicators (from pure mathematics) and also about coding (for tradingview)? i m looking for sources of information, as you learned all this stuff. thanks.
shmaiz
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Thx
lushang416
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Thank you for sharing.
tiamo3733
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Thank you for sharing.
TVPRO
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thank you for combining and improving traditional indicators!
ThankUKind
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Hes at it again.....might have to schedule a trading lesson with this indicator.