PumpC ATR Line Levels

PumpC ATR Line Levels

Overview
PumpC ATR Line Levels is a volatility-based indicator that projects potential expansion levels from the previous session’s close using the Average True Range (ATR). This tool builds upon the Previous OHLC framework created by Nephew_Sam_ by extending its session-handling logic and adding ATR-based levels, statistical tracking, and flexible visualization options.
How It Works

• Calculates ATR from a user-selectable higher timeframe (default: Daily).
  
• Projects levels above and below the previous session’s close (or current close when preview mode is enabled).
  
• Supports up to 5 ATR multiples, each with independent toggles, colors, and labels.
  
• Optionally displays only the most recent ATR session for clarity.
  
• Includes a data table tracking how often ATR levels are reached or closed beyond.
  

Features

• Configurable ATR timeframe and length (default: 21).
  
• Default multiples: 0.30, 0.60, 0.90; optional: 1.236, 2.00.
  
• Toggle for preview mode (using current close vs. locked prior session close).
  
• Customizable line style, width, colors, and label placement.
  
• Visibility filter to show only on chart TF ≤ 60 minutes.
  
• Session statistics table with counts and percentages of level interactions.
  

Use Cases

• Identify intraday expansion targets or stop placement zones based on volatility.
  
• Evaluate historical tendencies of price respecting or breaking ATR bands.
  
• Support volatility-adjusted trade planning with statistical validation.
  

Acknowledgment
This script was developed on top of the Previous OHLC indicator by Nephew_Sam_, with major modifications to implement ATR-driven levels, extended statistics, and customizable table output.

Notes

• This indicator does not generate buy/sell signals.
  
• Best applied to intraday charts anchored to a higher-timeframe ATR.
  
• Keep charts clean and avoid non-standard bar types when publishing.