Hello members! Greetings to everyone
I am here with another request due to my severely limited coding ability. I am hoping someone can create a % based ATR that is based on the volatility as a percent of the price. I hope to use this as a volatility filter across different asset classes. The standard ATR calculation is not as suitable for this because it is not based on relative price values.
Any takers?
Thanks in advance
Jim
There you go:
Atr = AverageTrueRange[14](close)
PerC = Atr * 100 / close
RETURN PerC AS "Atr %"
thank you Roberto! Greetings from Northern Ireland 🙂