atr
Average True Range
Reference/Volatility/Function
atr(length)
Wilder average of true range. Default 14. Risk unit: stop 2 atr is 2 × this ATR, stored as a price distance (points).
Parameters
| Name | Type | Description |
|---|---|---|
length | int default 14 | Lookback in bars. Default 14. |
Return value
series
Example
plot atr(14) as "ATR" orange when close crosses above ema(21) buy stop 2 atr