Devil1986

ATR _Normalized

This script is good to use with Williams %R indicator, to find out when price has bottomed out.

ATR has to be over 90 and Williams %R ( lenght 52 ) has to be over 95 to find out level around which one is good to buy.


You can check back, to see that this worked very well over history. Best way to use this 2 indicators is with DCA ( dollar cost average ), as area where to buy can go a little bit down and up for as long as few months. So dont just jump in, use DCA .
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Comments

Hi i cant find a normalised option on my ATR charts, how are you selecting the 'normalised' option please mate>?
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Does this script work for ThinkiorSwim? I tried to paste this into ThinkorSwim, but it gives "Invalid Statement". Please help
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