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Atrbands

ATR Buy, Target, Stop + OverlayATR Buy, Target, Stop + Overlay This tool is to assist traders with precise trade planning using the Average True Range (ATR) as a volatility-based reference. This script plots buy, target, and stop-loss levels on the chart based on a user-defined buy price and ATR-based multipliers, allowing for objective and adaptive trade management. *NOTE* In order for the indicator to initiate plotted lines and table values a non-zero number must be entered into the settings. What It Does: Buy Price Input: Users enter a manual buy price (e.g., an executed or planned trade entry). ATR-Based Target and Stop: The script calculates: Target Price = Buy + (ATR × Target Multiplier) Stop Price = Buy − (ATR × Stop Multiplier) Customizable Timeframe: Optionally override the ATR timeframe (e.g., use daily ATR on a 1-hour chart). Visual Overlay: Lines are drawn directly on the price chart for the Buy, Target, and Stop levels. Interactive Table: A table is displayed with relevant levels and ATR info. Customization Options: Line Settings: Adjust color, style (solid/dashed/dotted), and width for Buy, Target, and Stop lines. Choose whether to extend lines rightward only or in both directions. Table Settings: Choose position (top/bottom, left/right). Toggle individual rows for Buy, Target, Stop, ATR Timeframe, and ATR Value. Customize text color and background transparency. How to Use It for Trading: Plan Your Trade: Enter your intended buy price when planning a trade. Assess Risk/Reward: The script immediately visualizes the potential stop-loss and target level, helping assess R:R ratios. Adapt to Volatility: Use ATR-based levels to scale stop and target dynamically depending on current market volatility. Higher Timeframe ATR: Select a different timeframe for the ATR calculation to smooth noise on lower timeframe charts. On-the-Chart Reference: Visually track trade zones directly on the price chart—ideal for live trading or strategy backtesting. Ideal For: Swing traders and intraday traders Risk management and trade planning Traders using ATR-based exits or scaling Visualizing asymmetric risk/reward setups How I Use This: After entering a trade, adding an entry price will plot desired ATR target and stop level for visualization. Adjusting ATR multiplier values assists in evaluating and planning trades. Visualization assists in comparing ATR multiples to recent support and resistance levels.
Pine Script® indicator
by abbadon9
MTF ATR BandsA simple but effective MTF ATR bands indicator. The script calculate and display ATR bands low and high of the current timeframe using high, low inputs and an RMA moving average, adding to it ATR of the period multiplied with the user multiplier, default is set to 1.5. Than is calculated a smoothed average of the range and the color of it based on its slope, same color is used to fill the atr bands. Than the higher timeframe bands are calculated and displayed on the chart. How can be used ? The higher timeframe average and bands can give you long term direction of the trend and the current timeframes moving average and filling short term trend, for example using the 15 min chart with a 4h HTF bands, or an 1h with a daily, or a daily with an weekly or weekly with bi-monthly atr bands. Also can be used as a stop loss indicator. Hope you will like it, any question send me a PM.
Pine Script® indicator
by NexusSignals
Neural Pulse System [Alpha Extract]Neural Pulse System (NPS) The Neural Pulse System (NPS) is a custom technical indicator that analyzes price action through a probabilistic lens, offering a dynamic view of bullish and bearish tendencies. Unlike traditional binary classification models, NPS employs Ordinary Least Squares (OLS) regression with dynamically computed coefficients to produce a smooth probability output ranging from -1 to 1. Paired with ATR-based bands, this indicator provides an intuitive and volatility-aware approach to trend analysis. 🔶 CALCULATION The Neural Pulse System utilizes OLS regression to compute probabilities of bullish or bearish price action while incorporating ATR-based bands for volatility context: Dynamic Coefficients: Coefficients are recalculated in real-time and scaled up to ensure the regression adapts to evolving market conditions. Ordinary Least Squares (OLS): Uses OLS regression instead of gradient descent for more precise and efficient coefficient estimation. ATR Bands: Smoothed Average True Range (ATR) bands serve as dynamic boundaries, framing the regression within market volatility. Probability Output: Instead of a binary result, the output is a continuous probability curve (-1 to 1), helping traders gauge the strength of bullish or bearish momentum. Formula: OLS Regression = Line of best fit minimizing squared errors Probability Signal = Transformed regression output scaled to -1 (bearish) to 1 (bullish) ATR Bands = Smoothed Average True Range (ATR) to frame price movements within market volatility 🔶 DETAILS 📊 Visual Features: Probability Curve: Smooth probability signal ranging from -1 (bearish) to 1 (bullish) ATR Bands: Price action is constrained within volatility bands, preventing extreme deviations Color-Coded Signals: Blue to Green: Increasing probability of bullish momentum Orange to Red: Increasing probability of bearish momentum Interpretation: Bullish Bias: Probability output consistently above 0 suggests a bullish trend. Bearish Bias: Probability output consistently below 0 indicates bearish pressure. Reversals: Extreme values near -1 or 1, followed by a move toward 0, may signal potential trend reversals. 🔶 EXAMPLES 📌 Trend Identification: Use the probability output to gauge trend direction. 📌Example: On a 1-hour chart, NPS moves from -0.5 to 0.8 as price breaks resistance, signaling a bullish trend. Reversal Signals: Watch for probability extremes near -1 or 1 followed by a reversal toward 0. Example: NPS hits 0.9, price touches the upper ATR band, then both retreat—indicating a potential pullback. 📌 Example snapshots: Volatility Context: ATR bands help assess whether price action aligns with typical market conditions. Example: During low volatility, the probability signal hovers near 0, and ATR bands tighten, suggesting a potential breakout. 🔶 SETTINGS Customization Options: ATR Period – Defines lookback length for ATR calculation (shorter = more responsive, longer = smoother). ATR Multiplier – Adjusts band width for better volatility capture. Regression Length – Controls how many bars feed into the coefficient calculation (longer = smoother, shorter = more reactive). Scaling Factor – Adjusts the strength of regression coefficients. Output Smoothing – Option to apply a moving average for a cleaner probability curve
Pine Script® indicator
by AlphaExtract
Rolling ATR Bands | Flux Charts💎 GENERAL OVERVIEW Introducing the Rolling ATR Bands indicator! This indicator overlays adaptive bands around the price, using the Average True Range (ATR) to define dynamic support and resistance levels. The Rolling ATR Bands are color-coded to visually indicate potential trend strength, shifting between bearish, neutral, and bullish colors. This tool can help traders interpret price volatility, as well as identify probable trend changes, continuations, or reversals. For more information about the process, check the "HOW DOES IT WORK ?" section. Features of the new Rolling ATR Bands: ATR Bands With Customizable ATR Length & Multiplier Smooth Trend Strength With Adjustable Smoothing Options Color-coded bands Representing Bearish, Neutral, or Bullish Trends Alerts for Retests & Breaks Customizable Visuals 📌 HOW DOES IT WORK? The Rolling ATR Bands indicator calculates the ATR based on the specified length and multiplier to form upper and lower bands around the price. These bands adapt with market volatility, widening during high volatility and contracting during lower volatility periods. In addition, the indicator calculates a "trend strength" score by combining an interpolated RSI, Supertrend, and EMA crossover. This score is smoothed with a customizable length, and a color gradient is applied to visually denote the strength of bearish, neutral, or bullish conditions. Here's how to interpret the bands: Upper Band: Acts as dynamic resistance; when price approaches or touches it, this often suggests potential overbought conditions. Lower Band: Acts as dynamic support; touching or nearing this band might indicate potential oversold conditions. Color Shifts: Color changes indicate shifts in trend direction. For example, a green color suggests a bullish trend, while red hints at bearish tendencies. 🚩 UNIQUENESS What sets the Rolling ATR Bands apart is the combined use of interpolated RSI, Supertrend, and EMA cross values, creating a weighted trend strength score. This integration allows for nuanced, color-coded visual cues that respond quickly to trend changes without excessive noise, offering traders an intuitive view of both trend direction and potential momentum. You can also set up alerts for retest & alerts for upper and lower bands to get informed of potential movements. ⚙️ SETTINGS 1. General Configuration ATR Length : Controls the ATR calculation length for the bands. Smoothing: Adjusts the trend strength smoothing to control sensitivity to trend changes. ATR Multiplier : Sets the width of the bands by multiplying the ATR value. Trend Smoothing : Higher settings will result in longer periods of time required for trend to change direction from bullish to bearish and vice versa.
Pine Script® indicator
by fluxchart
6
Intraday Volatility Bands [Honestcowboy]The Intraday Volatility Bands aims to provide a better alternative to ATR in the calculation of targets or reversal points. How are they different from ATR based bands? While ATR and other measures of volatility base their calculations on the previous bars on the chart (for example bars 1954 to 1968). The volatility used in these bands measure expected volatility during that time of the day. Why would you take this approach? Markets behave different during certain times of the day, also called sessions. Here are a couple examples. Asian Session (generally low volatility) London Session (bigger volatility starts) New York Session (overlap of New York with London creates huge volatility) Generally when using bands or channel type indicators intraday they do not account for the upcoming sessions. On London open price will quickly spike through a bollinger band and it will take some time for the bands to adjust to new volatility. This script will show expected volatility targets at the start of each new bar and will not adjust during the bar. It already knows what price is expected to do at this time of day. Script also plots arrows when price breaches either the top or bottom of the bands. You can also set alerts for when this occurs. These are non repainting as the script knows the level at start of the bar and does not change. 🔷 CALCULATION Think of this script like an ATR but instead it uses past days data instead of previous bars data. Charts below should visualise this more clearly: The scripts measure of volatility is based on a simple high-low. The script also counts the number of bars that exist in a day on your current timeframe chart. After knowing that number it creates the matrix used in it's calculations and data storage. See how it works perfectly on a lower timeframe chart below: Getting this right was the hardest part, check the coding if you are interested in this type of stuff. I commented every step in the coding process. 🔷 SETTINGS Every setting of the script has a tooltip but I provided a breakdown here: Some more examples of different charts:
Pine Script® indicator
by Honestcowboy
Directional ATROANDA:EURUSD TLDR: A custom volatility indicator that combines Average True Range with candle direction. The Directional ATR (DATR) is an indicator that enhances the traditional Average True Range (ATR) by incorporating the direction of the candle (bullish or bearish). This indicator is designed to help traders identify trend strength, potential trend reversals, and market volatility. Key Features: Trend Confirmation: Positive and increasing DATR values suggest a bullish trend, while negative and decreasing values indicate a bearish trend. A higher absolute DATR value signifies a stronger trend. Trend Reversal: A change in the direction of the DATR from positive to negative or vice versa may signal a potential trend reversal. Volatility: Like the standard ATR, the DATR can be used to gauge market volatility, with larger absolute values indicating higher volatility and smaller values suggesting lower volatility. Divergence: Divergence between the price and the DATR could signal a potential weakening of the trend and an upcoming reversal. Overbought/Oversold Levels: Extreme DATR values can be used to identify overbought or oversold market conditions, signaling potential reversals or corrections. Please note that the Directional ATR is just an indicator, and the interpretations provided are based on its underlying logic. It is essential to combine the DATR with other technical analysis tools and test the indicator on historical data before using it in your trading strategy. Additionally, consider other factors such as risk management, and your own trading style.
Pine Script® indicator
by andregrillo
Correlated ATR Bands | AdulariHow do I use it? Never use this indicator as standalone trading signal, it should be used as confluence. It is highly recommended to use this indicator on the 15m timeframe and above, try experimenting with the inverse feature and multipliers as well. When the price is above the moving average this shows the bullish trend is strong. When the price is below the moving average this shows the bearish trend is strong. When the moving average is purple, the trend is bullish , when it is gray, the trend is bearish. When price is above the upper band this may indicate a bearish reversal. When price is below the lower band this may indicate a bullish reversal. Features: Purple line for bullish trend and gray line for bearish trend. Custom formula combining an ATR and Hull MA to clearly indicate trend strength and direction. Unique approach to moving averages and bands by taking the average of 2 types of MA's combined with custom ATR's, then multiplying these by correlation factors. Bands to indicate possible trend reversals when price crosses them. How does it work? 1 — ATR value is calculated, then the correlation between the source and ATR is calculated. 2 — Final value is calculated using the following formula: correlation * atr + (1 - correlation) * nz(atr , atr) 3 — Moving average is calculated with the following formula: ta.hma((1-(correlation/100*(1+weight/10)))*(ta.sma(source+value, smoothing)+ta.sma(source-value,smoothing))/2,flength) 4 — Bands calculation using multipliers.
Pine Script® indicator
by Adulari
wnG - VWAP MOD Modified version of VWAP : Classic VWAP with 6 levels based on the Average True Range to identify the distance and distribution of the prices around the VWAP. There are 2 calcul methodologies for the bands - Last 24 Hours Average True Range - Progressive Average True Range starting from 00:00 As prices tend to move around the VWAP level, favor LONG positions in the GREEN ZONE (and SHORT in the RED ZONE). How to use it : Avoid taking long position when price is in the RED ZONE Avoid taking short position when price is in the GREEN ZONE ==> Adjust the settings depending on your timeframe and asset
Pine Script® indicator
by wingoutoulouse
2
ATR BandsIn many strategies, it's quite common to use a scaled ATR to help define a stop-loss, and it's not uncommon to use it for take-profit targets as well. While it's possible to use the built-in ATR indicator and manually calculate the offset value, we felt this wasn't particularly intuitive or efficient, and could lead to the potential for miscalculations. And while there are quite a few indicators that plot ATR bands in some form or another already on TV, we could not find one that actually performed the exact way that we wanted. They all had at least one of the following gaps: The ATR offset was not configurable (usually hard-coded to be based off the high or low, while we generally prefer to use close) It would only print a single band (either the upper or lower), which would require the same indicator to be added twice The ATR scaling factor was either not configurable or only stepped in whole numbers (often time fractional factors like 1.5 yield better results) To that end, we took to making this enhanced version to meet all of the above requirements. While we were doing so, we decided to take this opportunity to also make some non-functional enhancements as well: Updated the indicator to the most recent version of Pine Updated the indicator definition to allow alternate (non-chart) timeframe usage Made the input types explicitly defined to improve consistency Updated the inputs with appropriate minimum values and step sizes where appropriate Separated settings into logical groups Added helptext to the indicator settings noting usage and common settings values Explicitly titled the on-chart plots of the ATR bands so that they can more easily be identified and referenced in other indicators/scripts, as well as the Data Window Food for thought : When looking at some of the behaviors of these ATR bands, you can see that when price first levels out, you can draw a "consolidation zone" from the first peak of the upper ATR band to the first valley of the lower ATR band that price will generally respect. Look for price to break and close outside of that zone. When that happens, price will usually (but not always) make a notable move in that direction, which can be used as either a potential trigger or as an additional confluence with other indicators/price action. Finally, while we have made what we feel are some noteworthy updates and enhancements to this indicator, and have every intention of continuing to do so as we find worthy opportunities for enhancement, credit is still due to the original author: AlexanderTeaH
Pine Script® indicator
by TheTrdFloor
16