U.S. Dollar/Japanese YenFXCM
Descripción
⋅ Measuring the difference between the highs and lows from the average, this measure can serve as a proxy for the volatility, just like the ATR.
However, it breaks the range into an upward and a downward moving component, so it also gives information about the current trend direction.
In fact, I turned it into a momentum indicator here:
tradingview.com/script/a0YhWyGf-Up-Down-Range-Momentum/