1. Default is 14 bars, but we can switch to 21 or 7.
2. For the smoothing method, by default using , but , and RMA is an option.
3. if over 1.5%, we consider the increased significantly.
4. Combine ATR%, Stock screening (notional and ) with 1-3 min chart, it's very easy to catch the sudden price movement for Japan Equities. hope you find it useful.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.