PINE LIBRARY
ATR_Info
What Is the Average True Range (ATR)?
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.
Each instrument per unit of time passes its average value of the true range, but there are moments when the volatility explodes or abruptly decays, these phenomena introduce large distortions into the average value of the true range.
The ATR_WPB function calculates the average value of the true range for the specified number of bars, while excluding paranormally large and paranormally small bars from the calculation of the average.
For example, if the instrument has passed a small ATR value, then it has many chances to continue moving, but if the instrument has passed its ATR value, then the chances of continuing to move are extremely low.
Library "ATR_Info"
ATR_Info: Calculates ATR without paranormal bars
ATR_WPB(source, period, psmall, pbig)
ATR_WPB: Calculates ATR without paranormal bars
Parameters:
source (float): ATR_WPB: (series float) The sequence of data on the basis of which the ATP calculation will be made
period (int): ATR_WPB: (int) Sequence size for ATR calculation
psmall (float): ATR_WPB: (float) Coefficient for paranormally small bar
pbig (float): ATR_WPB: (float) Coefficient for paranormally big bar
Returns: ATR_WPB: (float) ATR without paranormal bars
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.
Each instrument per unit of time passes its average value of the true range, but there are moments when the volatility explodes or abruptly decays, these phenomena introduce large distortions into the average value of the true range.
The ATR_WPB function calculates the average value of the true range for the specified number of bars, while excluding paranormally large and paranormally small bars from the calculation of the average.
For example, if the instrument has passed a small ATR value, then it has many chances to continue moving, but if the instrument has passed its ATR value, then the chances of continuing to move are extremely low.
Library "ATR_Info"
ATR_Info: Calculates ATR without paranormal bars
ATR_WPB(source, period, psmall, pbig)
ATR_WPB: Calculates ATR without paranormal bars
Parameters:
source (float): ATR_WPB: (series float) The sequence of data on the basis of which the ATP calculation will be made
period (int): ATR_WPB: (int) Sequence size for ATR calculation
psmall (float): ATR_WPB: (float) Coefficient for paranormally small bar
pbig (float): ATR_WPB: (float) Coefficient for paranormally big bar
Returns: ATR_WPB: (float) ATR without paranormal bars
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Pineライブラリ
TradingViewの精神に則り、作者はこのPineコードをオープンソースライブラリとして公開してくれました。コミュニティの他のPineプログラマーが再利用できるようにという配慮です。作者に拍手を！このライブラリは個人利用や他のオープンソースの公開コンテンツで使用できますが、公開物でのコードの再利用はハウスルールに準じる必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。