indicator · own pane · open source
Welles Wilder Volatility
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About
Welles Wilder Volatility is the classic Wilder ATR divided by price — Wilder's preferred way to express volatility as a percentage.
- Symmetric and bounded enough to compare across instruments.
- Originally shipped with the 1978 Wilder book on commodities; predates NATR by a decade.
Source code
//@version=5
indicator("Welles Wilder Volatility", overlay=false)
len = input.int(14, "ATR length", minval=1, maxval=200)
src = input.source("close", "Price source")
wv = ta.rma(ta.tr(true), len) / src
p_WV = plot(wv, "WV", color=color.purple, linewidth=2)
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