OPEN-SOURCE SCRIPT

ATR % of yesterday close with SMA (Bull/Bear colored)

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This script visualizes the Average True Range (ATR) as a percentage of a user-selected price point for a quick view of volatility.

ATR % values are plotted as a color-coded histogram. Bullish days (close > prior close) paint the bar green; bearish days (close < prior close) paint it red; unchanged days are gray.

Two simple moving average (SMA) overlays to reveal volatility trends.

Variables:

Histogram bars represent ATR as a % of one of:
 - Previous Close (default option)
 - Previous Open
 - Today Close
 - Today Open

Two SMA lines (default: blue for 20-period, orange for 5-period) shown on ATR % for trend/range regime tracking.

Optionally display the ATR % in continuous line (yellow)—hidden by default.

If you find it helpful, feel free to share any feedback and how you incorporate it into your trading strategy with the community!

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.