CM ATR PercentileRank - Great For Showing Market Bottoms.
When Increased Volatility to the Downside Reaches Extreme Levels it’s Usually a Sign of a Market Bottom.
This Indicator Takes the ATR and uses a different LookBack Period to calculate the Percentile Rank of ATR Which is a Great Way To Calculate Volatility
Be Careful Of Using w/ Market Tops. Not As Reliable.
***Ability to Control ATR Period and set PercentileRank to Different Lookback Period
***Ability to Plot Histogram Just Showing Percentiles or Histogram Based on Up/Down Close
Fuchsia Lines = Greater Than 90th Percentile of Volatility based on ATR and LookBack Period. Red Lines = Warning — 80-90th Percentile Orange Lines = 70-80th Percentile
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 publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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