Plots the daily ATR on the chart as upper and lower levels.
It can be use to adapt your trading in high and low periods of market volatility, determine reasonable target or take profit, entry at likely mean reversion, stop loss beyond normal flows etc...
More on the script behavior: - Daily ATR upper/lower levels are applied on the current day low/high; - The ATR value is defined by the last D1 bar; - Shows up to D1 timeframe; - Configuration for the indicator's period (default: 20 period ATR); - Configuration for plotting the indicator on the the x axis with an offset/at begining of the day (default: offset);
Notas de Lançamento
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Fix input period on ATR.
Notas de Lançamento
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enable switching daily ATR values between yesterday-today;
allow styling of levels at default and overflow states;
change display values from fixed to rounded numbers;
Notas de Lançamento
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In some charts, gaps are not taken into account. This update fixes it.
When there are discrepancies between intraday and D1 OHLC, the script now uses the ones from the currently displayed timeframe.
On non 24-7 markets, after weekends and holidays the lines are longer, it fixes their length.
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v5.0
The update brings a complete rewrite of the script on Pine v5, along with the following changes:
Enable showing the next ATR levels when the market is closed
Display values on the price scale, the status line, and the data window
Display notifications on the bottom right of the chart
Align the rounding of numbers as the chart (from min tick to min precision)
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v6
Fixed the "Show Next ATR Levels" feature not applying when enabled.
Awesome indicator! Great job. Might go for the paid version soon. Thanx!
MROXIC
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Loving it!! thank you for the work you have put in to this!
VARKTRADER
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Appreciate you putting this together. Nice for the automation instead of my having to calc everyday. . Great job
kibbs123
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Hi sbtnc, first of all, thanks for the indicator!
I am back testing using this indicator and I am using the Yesterday's option, how is it printing yesterdays information forward? Sometimes the 2 ATR levels appear above the current price or below. When this happens price moves to it. Is this meant to happen with the indicator or is it printing there because it knows the price goes there already? As I am using replay mode.
Sorry if this is a dumb question.
@kibbs123, Thanks for the screenshot. That is good question!
This is specific to the bar replay, when you first “jump to” it knows the final price of that day. However, if you go forward on next day it discovers price as it would happen in real time.
kibbs123
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@sbtnc, thanks for the reply! ah I see thanks for clearing this up for me.
sbtnc
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The v5.0 has the bar replay behavior improved!
View4U
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ATR Daily Levels is one of the few indicators that could be used in a master plan that shows SL and TP in ready to go form. That's why I use it !
sbtnc
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Me too @View4U, it's my favorite indicator and by far!