OPEN-SOURCE SCRIPT
Daily ATR 2 and 10 Percent Value
This indicator shows three values: the main ATR value, a 2% value,
and a 10% Value of the Daily ATR.
After you have added the indicator to your chart, follow these steps
to be able to see the values and labels on the right.
1. Right-click on the price level bar or click the gear icon at the bottom
2. Click on LABELS
3. Select with a check mark the following two
INDICATORS AND FINANCIAL NAME LABELS
and INDICATORS AND FINANCIAL VALUE LABELS
4. Look for D-ATR % Value, click on the gear icon and verify these settings
- D-ATR Lenght = 14
- ATR Lenght = 14
- Smoothing = RMA
- Timeframe = 1 Day
5. Select Wait for timeframe closes
6. Click on Defaults, Save as default, and click ok.
You can move the indicator to the top of your chart if preferred, by clicking
on Move pane up.
Slightly modifications from other indicators.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.