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https://github.com/mihakralj/QuanTAlib.git
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Miha Kralj
86fe32a682
Co-authored-by: Claude Opus 4.5 <noreply@anthropic.com> Co-authored-by: aider (openrouter/anthropic/claude-sonnet-4) <aider@aider.chat> Co-authored-by: Warp <agent@warp.dev>
41 lines
1.2 KiB
Plaintext
41 lines
1.2 KiB
Plaintext
// The MIT License (MIT)
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// © mihakralj
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//@version=6
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indicator("Average True Range (ATR)", "ATR", overlay=false)
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//@function Calculates the Average True Range (ATR)
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//@param length The period length for the ATR calculation.
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//@returns The ATR value.
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//@optimized Beta precomputation for RMA warmup compensation
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atr(simple int length) =>
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if length <= 0
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runtime.error("Period must be greater than 0")
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var float prevClose = close
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float tr1 = high - low
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float tr2 = math.abs(high - prevClose)
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float tr3 = math.abs(low - prevClose)
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float trueRange = math.max(tr1, tr2, tr3)
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prevClose := close
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float alpha = 1.0 / float(length)
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float beta = 1.0 - alpha
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var float EPSILON = 1e-10
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var float raw_rma = 0.0
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var float e = 1.0
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if not na(trueRange)
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raw_rma := (raw_rma * (length - 1) + trueRange) / length
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e *= beta
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e > EPSILON ? raw_rma / (1.0 - e) : raw_rma
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else
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na
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// ---------- Main loop ----------
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// Inputs
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i_length = input.int(14, "Length", minval=1, tooltip="Number of bars used for the ATR calculation")
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// Calculation
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atrValue = atr(i_length)
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// Plot
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plot(atrValue, "ATR", color=color.yellow, linewidth=2)
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