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 Volatility Power
This indicator shows how far the 14-period ATR sits above its lowest value over the last 200 bars, smoothed with a 9-period average.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code44
Settings4inputs
LicenceNone statedfile: MPL-2.0
Last update4 years ago10 Jan 2022
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
44 lines of Pine Script v5 from indicator/INDICATOR ATR Volatility Power (林19).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/
// © HayashiHitsuji
//@version=5
indicator("INDICATOR: ATR Volatility Power (林19)", shorttitle = "ATR Volatility Power (林19)", overlay = false)
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
// INDICATOR INPUT =============================================================
atr_period = input.int(14, "ATR Value")
atr_low = input.int(200, "ATR Lowest Value")
atr_smooth = input.int(9, "ATR Smooth")
break_per = input.int(9, "ATR Breakout Value")
// ========================================================================== //
// INDICATOR CALCULATION =======================================================
atr = ta.atr(atr_period)
atr_lowest = ta.lowest(atr, atr_low)
atr := ta.sma(atr - atr_lowest, atr_smooth)
atr_break = ta.lowest(atr, break_per)
// ========================================================================== //
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
// INDICATOR CONDITION & COLOR =================================================
atr_color = atr[1] < atr ? color.lime : color.red
break_color = atr == atr_break ? color.blue : color.white
// ========================================================================== //
// INDICATOR PLOT ==============================================================
plot(atr, color = atr_color, style = plot.style_columns)
plot(atr_break, color = break_color, style = plot.style_circles, linewidth = 2)
// ========================================================================== //
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Overview
ATR Volatility Power draws this value as columns in a separate pane, coloured lime when it rises and red when it falls. A second series, the lowest of the smoothed value over a short window, is drawn as circles that turn blue when the current value equals it. All four periods are adjustable.
- ATR above its long-term low
- Smoothed volatility columns coloured by direction
- Breakout marker circles
- Adjustable ATR, lowest, smoothing and breakout periods
Details
Published by
hayashi19 on GitHub
Code credit
HayashiHitsuji, as written in the script's header
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 Value | int | 14 | atr_period |
| ATR Lowest Value | int | 200 | atr_low |
| ATR Smooth | int | 9 | atr_smooth |
| ATR Breakout Value | int | 9 | break_per |
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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