Explore the Normalized ATR for Amibroker (AFL)
kudos0320 over 6 years ago Amibroker (AFL)
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
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// Explore & Debug & TimeSeries View & DataFrame
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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
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Useful Resource: https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/atrp