RECON ATR Volatility Percentage

The original Average True Range (ATR) indicator is a technical analysis indicator designed to measure volatility . The higher the ATR the higher the volatility .

The RECON ATR Volatility Percentage indicator calculates the Average True Range (ATR) as a percentage.

Suggested chart timeframes: 1h, 4h and 1D seem to produce the most useful intel but can be used on lower timeframes as well.

The Recon ATR Volatility Percentage can be utilized for identifying trading pairs with a desired amount of volatility , for example deploying a grid trading strategy on pairs that are trending up with a high amount of volatility (say over 50%) might produce desirable results.

It is important to note the ATR does not indicate price direction and can be high in both a rising or falling market.

The ATR Length, Period Look Back Length parameters as well as the color of the columns can be configured per your specifications.

Skrip open-source

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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