Useful in finding the percent change in the ATR. Google it and see how you can implement it. I use it in a zig zag indicator made by Ricardo Santos. Happy Trading!
This is a MACD divergence on 3 time-frames, 1h, 4h and 1D. Please insert the indicator into a 1h chart, otherwise change the lengths' inputs. you will see H1,H2, H3, R1, R2 and R3 in green and maroon colors. H means hidden divergence, 1 regards to 1h, 2 to 4h, and 3 to 1D. If the color is green, its bullish, and if its maroon the divergence is bearish. Gray...
Most the credit for this update has to go to RicardoSantos and his awesome RSIChannel + some fixes to my own which I embedded to my my own script.. I've also embedded the additional Bollinger band 50/2. What can I say it's becoming a thing of beauty :). RicardoSantos's RSIChannel indicator is also included separately (hidden) should you chose to 'Make it mine'...