Normalizing ATR-Based Price Movement and Volume Across Crypto Symbols

Summary

This indicator presents two normalized measures across a configurable list of cryptocurrency symbols: an ATR-based oscillator and smoothed volume. For the oscillator, it constructs a range measure from each bar's high-low range and the absolute open-close move, smooths that measure, and uses it to scale deviations of closing price from its moving average. The resulting values are mapped to a bounded 0-to-100 scale, with an outlier filter based on deviations from an exponential average.

Volume is also smoothed, filtered for outliers, and mapped to the same bounded scale, allowing the display to compare relative readings across symbols. The script requests data for a fixed set of 36 configurable symbols on the chart timeframe and displays the readings in boxes. It supplies an indicator construction and visualization, not a trading rule or tested signal. Normalized values depend on the lookback, smoothing, and outlier settings, and the document provides no performance evidence or interpretation thresholds.

Key ideas

• The indicator scales price deviation from a moving average by a smoothed range measure to form an ATR-based oscillator.
• It maps oscillator and smoothed volume readings to bounded scales after applying configurable outlier filtering.
• The script compares readings for 36 configurable symbols on the active chart timeframe.
• Its displays support relative comparison, but the document does not define entry rules or provide performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.