ATR as % of Price

### **ATR as % of Price - TradingView Indicator**

📈 **Description:**
This indicator converts the **Average True Range (ATR)** into a **percentage of the closing price**, providing a clearer perspective on volatility relative to the stock’s price. Unlike the standard ATR, which is displayed in absolute price units (e.g., dollars), this version expresses ATR as a percentage, making it useful for comparing volatility across different stocks, ETFs, and crypto assets.

🔥 **Why Use This?**
- Easily compare volatility between stocks with different price levels.
- Identify high-volatility periods relative to a stock’s price.
- Adjust stop-loss and position sizing more effectively.

⚙️ **How It Works:**
- Calculates the **ATR** over a chosen period (default: 14).
- Divides ATR by the **closing price** and multiplies by **100** to get a percentage.
- Displays the result as a line chart.

🛠 **Customization:**
- Modify the **ATR length** in settings to match your trading style.
- Use in conjunction with support/resistance levels and moving averages for better trade decisions.

✅ **Ideal For:**
- Swing traders, day traders, and investors who want **relative volatility** insights.
- Stocks, forex, crypto, and commodities analysis.

🚀 **Try it now and enhance your volatility analysis!**