Fincandle Momentum ATR Tracker

Description (Compliant for Invite-Only Vendor Script)

The Fincandle Momentum ATR Tracker is a dynamic momentum-based strategy that combines price action with the Average True Range (ATR) to identify high-probability trend shifts.

It works by tracking an adaptive ATR trailing line that adjusts with market volatility. When price crosses this trailing line, it signals potential momentum reversals and dynamically switches between long and short positions.

Key Concepts:

ATR-based Trailing Logic: Adapts to volatility, allowing the stop line to follow price action smoothly.

Momentum Confirmation: Crossovers between price and the trailing line identify early trend reversals.

Dynamic Targets: Uses ATR multiples for both stop-loss and take-profit placement, maintaining consistent risk-reward profiles.

Clean Visuals: Buy/Sell markers and colored bars highlight current bias at a glance.

How Traders Use It:

As a trend-following system to stay aligned with dominant market direction.

As a volatility filter to avoid false breakouts during choppy conditions.

This strategy is best suited for traders who prefer objective, volatility-adaptive momentum tracking rather than fixed indicator levels.

Disclaimer:
This tool is designed for educational and analytical use only. Past results or chart examples do not guarantee future outcomes. Trading involves risk; use appropriate position sizing and risk control.

🟨 Author’s Instructions (Required Vendor Field)

To request access to this invite-only script, please contact me privately on TradingView or through the link in my profile signature.

Access is granted only upon explicit request — please do not request access in the comments section.

For additional documentation or support, visit my official Fincandle resources linked in my profile signature.

🟧 Release Notes Example (for updates)

Version 1.1 – Update:
• Improved trailing logic to reduce early signal reversals.
• Added adjustable Take Profit multiplier.
• Enhanced label readability on dark charts.