ATR Normalized

ATR Normalized is an instrument, which is used in the technical analysis for measuring the volatility level. In contrast to other modern and popular indicators it is not used for identifying the direction of price movement. It is used only for measuring the volatility level, especially the volatility, which is caused by price gaps or slow refreshing of the chart. ATR Normalized is a normalized version of the ATR indicator, which is calculated according to the formula 100*ATR(t)/Close(t).

How the indicator looks like in the chart:

Image 26029


The indicator has the following parameters:

Image 26030

Settings

Period - period of the ATR indicator.


Drawing

Panel - selection of the indicator location in the chart:

  • New panel
  • Chart

Show value - shows the indicator value on the price scale.

Show zero values - shows zero values.

Scale - if this option is ON, the scale will be calculated automatically based on the minimum and maximum indicator values, so that the indicator would be accommodated in the chart.

Color

Visual type - visual setting of the indicator display in the chart:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting of the line display style:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting of the indicator line width.

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