This indicator calculates the distribution of close-to-close percentage changes using rate of change on closing prices. It bins percentage changes into intervals of 0.25 percent increments from negative to positive values and plots a normalized cumulative hist
Indicator · Pine Script v5 · Own pane
ATR Ratio Percentile Rank
This indicator plots the percentile rank of a short ATR divided by a longer ATR in a separate pane.
GitHub stars43on the repository
Pine versionv5runs as is
Lines of code39
Settings7inputs
LicenceNone statedfile: MPL-2.0
Last update1 year ago23 Sep 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
39 lines of Pine Script v5 from ATR Ratio Percentile.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Zettt
// 2023-12-19 - Initial release
//@version=5
indicator("ATR Ratio Percentile Rank")
atr1Length = input.int(defval = 10, title = "ATR 1 Length", minval = 1, group = "ATR Ratio", tooltip = "The original author was looking at daily vs. weekly ATR, which would translate to 7 times the daily ATR. If daily ATR has a length of 14 (default), weekly has 7 times the daily length (98).")
atr2Length = input.int(defval = 70, title = "ATR 2 Length", minval = 1, group = "ATR Ratio")
lookback = input.int(defval = 365, title = "Percentile Lookback", minval = 1, group = "ATR Ratio")
emaLength = input.int(defval = 50, title = "EMA Length", minval = 1, group = "ATR Ratio")
percentileRankExtreme = input.int(defval = 10, title = "Percentile Extreme", minval = 1, step = 1, group = "ATR Percentile")
// atrLength = input.int(defval = 10, title = "ATR Length", minval = 1, group = "ATR Percentile")
// lookback = input.int(defval = 50, title = "Percentile Lookback", minval = 1, group = "ATR Percentile")
// emaLength = input.int(defval = 20, title = "EMA Length", minval = 1, group = "ATR Percentile")
// Calculating ATR ratio
atr1 = ta.atr(atr1Length)
atr2 = ta.atr(atr2Length)
atrRatio = atr1 / atr2
// Color gradient
bottomColor = input.color(defval = color.rgb(255, 235, 59, 0), title = "Bottom Color", group = "Gradient")
topColor = input.color(defval = color.rgb(242, 54, 69, 0), title = "Bottom Color", group = "Gradient")
// bottomColorCutoff = input.float(defval = 0, title = "Bottom Color Cutoff", minval = 0, step = 0.1, group = "Gradient", tooltip = "Below this value, the gradient will not take effect, i.e. the color will stay constant.")
// topColorCutoff = input.float(defval = 100, title = "Top Color Cutoff", minval = 0, step = 0.1, group = "Gradient", tooltip = "Above this value…")
// Calculations and plots
// atr = ta.atr(atrLength)
percentileRank = ta.percentrank(atrRatio, lookback)
percentileEMA = ta.ema(percentileRank, emaLength)
plot(percentileRank, title = "ATR Percentile", color = color.from_gradient(percentileRank, 0, 100, bottomColor, topColor))
plot(percentileEMA, title = "Percentile EMA", color = color.new(#64b5f6, 20))
// plot volatility at extremes
plot(percentileRank < percentileRankExtreme ? percentileRank : na, title="Lowest Volatility", color=color.rgb(255, 235, 59, 80), style=plot.style_columns, histbase=100)
plot(percentileRank > 100-percentileRankExtreme ? percentileRank : na, title="Highest Volatility", color=color.rgb(242, 54, 69, 80), style=plot.style_columns, histbase=0)
Overview
ATR Ratio Percentile Rank calculates two average true ranges, forms their ratio, ranks that ratio over a lookback window, and smooths the rank with an exponential moving average. Users set both ATR lengths, the lookback, the EMA length, and the extreme percentile threshold. A color gradient shades the rank, and columns mark the lowest and highest volatility readings. It does not generate trade entries or exits.
- Short-to-long ATR ratio
- Percentile rank over lookback
- EMA of the percentile rank
- Gradient coloring of the rank
- Column highlights at volatility extremes
Details
Published by
Zettt on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR 1 Length | int | 10 | atr1Length |
| ATR 2 Length | int | 70 | atr2Length |
| Percentile Lookback | int | 365 | lookback |
| EMA Length | int | 50 | emaLength |
| Percentile Extreme | int | 10 | percentileRankExtreme |
| Bottom Color | color | color.rgb(255, 235, 59, 0) | bottomColor |
| Bottom Color | color | color.rgb(242, 54, 69, 0) | topColor |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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