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Indicators: ATR_Normalize

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Automated-Trading
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Automated-Trading 2014.08.06 15:04 

ATR_Normalize:

A normalized true range by Larry Williams. This is an indication of that it can be firmly and clearly defined when the price reaches peaks an falls to bottoms.

When the indicator is in the high zone, it usually portends that the security price will fall, and when it is in the lower area - says that prices will rise.

Figure 1. The ATR_Normalize indicator

Author: Nikolay Kositsin

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