CM ATR PercentileRank
CM ATR PercentileRank - Great For Showing Market Bottoms.
When Increased Volatility to the Downside Reaches Extreme Levels it’s Usually a Sign of a Market Bottom.
This Indicator Takes the ATR and uses a different LookBack Period to calculate the Percentile Rank of ATR Which is a Great Way To Calculate Volatility
Be Careful Of Using w/ Market Tops. Not As Reliable.
***Ability to Control ATR Period and set PercentileRank to Different Lookback Period
***Ability to Plot Histogram Just Showing Percentiles or Histogram Based on Up/Down Close
Fuchsia Lines = Greater Than 90th Percentile of Volatility based on ATR and LookBack Period.
Red Lines = Warning — 80-90th Percentile
Orange Lines = 70-80th Percentile
Other Useful Indicators
Williams Vix Fix
CM_RSI EMA Is a Great Filter for Williams Vix Fix
When Increased Volatility to the Downside Reaches Extreme Levels it’s Usually a Sign of a Market Bottom.
This Indicator Takes the ATR and uses a different LookBack Period to calculate the Percentile Rank of ATR Which is a Great Way To Calculate Volatility
Be Careful Of Using w/ Market Tops. Not As Reliable.
***Ability to Control ATR Period and set PercentileRank to Different Lookback Period
***Ability to Plot Histogram Just Showing Percentiles or Histogram Based on Up/Down Close
Fuchsia Lines = Greater Than 90th Percentile of Volatility based on ATR and LookBack Period.
Red Lines = Warning — 80-90th Percentile
Orange Lines = 70-80th Percentile
Other Useful Indicators
Williams Vix Fix
CM_RSI EMA Is a Great Filter for Williams Vix Fix
Coming Soon: www.ChrisMoodyTrading.com
//Created By ChrisMoody on 9/17/2014 //Ability to control ATR period and set PercentileRank to Different Lookback Period //Ability to Plot HIstogram Just Showing Percentiles or Hitogram Based on Up/Down Closes study(title="CM_ATR_Percentile", shorttitle="CM_ATR_PrcntRank", overlay=false, precision=0) length = input(5, minval=1, title="ATR Length") length2 = input(50, minval=1, title="# of Bars the PercentileRank uses to Calculate % Values") sn = input(true, title="Show Normal Histogram? Uncheck = Histogram based on Up/Down Close") //ATR and PercentileRank Calculations atr = sma(tr, length) pctileRank = percentrank(atr, length2) down = close < close[1] up = close > close[1] //Calculation for Showing Histogram based on Up/Down Close pctileRankFinal = up ? pctileRank : down ? pctileRank * -1 : na //Color Rules col = pctileRank <= 70 ? gray : pctileRank > 70 and pctileRank < 80 ? orange : pctileRank >= 80 and pctileRank <= 90 ? red : pctileRank >= 90 ? fuchsia : silver //Plot Statements plot(sn and pctileRank ? pctileRank : pctileRankFinal, title="PercentileRank Histogram",style=columns, linewidth=2, color=col) plot(0, title="0 Line", style=line, linewidth=3, color=silver)
