Get started
Celasor

Celasor Normalized ATR with Williams %R

Celasor  
Oscillators Average True Range (ATR) Moving Averages normalized ATR
127
8
oscillator averagetruerange movingaverage normalized atr
Normalized Average True Range combined with Williams %R - Celasor 04/2020.

Indicator can be used for identifying potential market bottoms with the following criteria: Normalized ATR is above 80% and Williams %R is below -80.
This script combines both indicators and displays bars to mark where conditions are met. Future updates may include selectable smoothing.
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?