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technical_indicators:average_true_range_atr [2023/08/30 19:49] jayanthi [Absolute ATR] |
technical_indicators:average_true_range_atr [2023/08/30 19:50] jayanthi [Average True Range Percentage (ATRP)] |
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| ===== Average True Range Percentage (ATRP) ===== | ===== Average True Range Percentage (ATRP) ===== | ||
| - | The ATRP indicator, similar to the Average True Range (ATR), measures volatility. The difference is that ATRP is scaled as a percentage, which means you can use it to compare ATR values of different securities. The ATRP is calculated by dividing the ATR by the closing price and multiplying the value by 100. | + | The ATRP indicator measures volatility, similar to the Average True Range (ATR). The difference is that ATRP is scaled as a percentage, which means you can use it to compare ATR values of different securities. The ATRP is calculated by dividing the ATR by the closing price and multiplying the value by 100. |
| - | + | <code> | |
| - | ATRP = (ATR | + | ATRP = (ATR / Close) * 100 |
| + | </code> | ||
| ===== Conclusion ===== | ===== Conclusion ===== | ||