indicator · own pane · open source
Normalized ATR
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About
NATR is ATR as a percent of price — the volatility number that lets you line up a $5 stock against a $5,000 coin without one swamping the other.
- Useful as a position-sizing input: 1×NATR = how much you expect price to move in one ATR period.
- Compare across instruments on the same chart.
Source code
//@version=5
indicator("Normalized ATR", overlay=false)
len = input.int(14, "ATR length", minval=1, maxval=200)
src = input.source("close", "Price source")
natr = 100 * ta.atr(len) / src
p_NATR__ = plot(natr, "NATR %", color=color.orange, linewidth=2)
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