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Explore the Normalized ATR for Amibroker (AFL)
kudos0320
almost 5 years ago
Amibroker (AFL)

Rating:
5 / 5 (Votes 2)
Tags:
amibroker, exploration

Average True Range (ATR) is a very useful measure of volatility, but it is not directly comparable across securities and over time.
Normalized ATR can solve this issue or make it into PositionScore.

Indicator / Formula

Indicator
Copy & Paste Friendly
//---------------------------------------------------------------------------
//	Explore & Debug & TimeSeries View & DataFrame
//---------------------------------------------------------------------------

PeriodAtr = ATR( 20 );
NormalizedAtr = ( PeriodAtr / Close ) * 100;

Filter = 1;

AddColumn( O, "O", 1.2 );
AddColumn( H, "H", 1.2 );
AddColumn( L, "L", 1.2 );
AddColumn( C, "C", 1.2 );

AddColumn( NormalizedAtr, "Normalized ATR", 1.2 );

1 comments

1. sal157011
almost 5 years ago

Useful Resource: https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/atrp

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