Indicators: Normalized ATR

 

Normalized ATR:

Normalized ATR

But since it is not bounded, we can not really know if some extremes of the volatility (maximal or minimal, whichever we are looking for) is reached. This version is using a min/max normalization to attempt to add those bounds and thus, to add a criteria if minimum or maximum is reached

Author: Mladen Rakic

Reason: