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;
This is a custom indicator which helps with current trend analysis of lower and higher timeframes and also to know the daily levels of the script.
Crafted for Intraday and Positional users, making their entry, stop loss and targets more precise.