OPEN-SOURCE SCRIPT

ATR Grid Levels [By MUQWISHI]

מעודכן
▋ INTRODUCTION :
The “ATR Levels” produces a sequence of horizontal line levels above and below the Center Line (reference level). They are sized based on the instrument's volatility, representing the average historical price movement on a selected higher timeframe using the average true range (ATR) indicator.

_______________________
▋ OVERVIEW:
תמונת-בזק

_______________________
▋ IMPLEMENTATION:
The indicator starts by drawing a Center Line that is selected by the user from a variety of common levels. Then, it draws a sequence of horizontal lines above and below the Center Line, which are sized based on the most confirmed average true range (ATR) at the selected higher timeframe.
In the top right corner of the chart, there is a table displaying both the selected ATR (in the right cell) and the ATR of the current bar (in the left cell). This feature enables users to compare these two values. It's important to note that the ATR of the current bar may not be confirmed yet, as the market is still active.
תמונת-בזק

_______________________
▋ INDICATOR SETTINGS:
# Section (1): ATR Settings
תמונת-בזק
(1) ATR Period & Smoothing.
(2) Timeframe where ATR value imported from.
(3) To show/hide the table comparison between the current ATR and the ATR for the selected period. Also, ability to color the current ATR cell if it’s greater.

# Section (2): Levels Settings
תמונת-בזק
(1) Selecting a Center Line level among a variety of common levels, which is taken as reference level where a sequence of horizontal lines plot above and below it.
(2) Size of grid in ATR unit.
(3) Number of horizontal lines to plot in a single side.
(4) Grid Side. Ability to plot above or below the Center Line.
(5) Lines colors, and mode.
(6) Line style.
(7) Label style.
(8) Ability to remove old lines, from previous HTF.

_____________________
▋ COMMENT:
The ATR Levels should not be taken as a major concept to build a trading decision.


Please let me know if you have any questions.
Thank you.
הערות שחרור
Updates:
1. Timeframe string format.
2. Removed HMA; it's not compatible with the study.
ATRAverage True Range (ATR)daytradingeducationGRIDriskmangementstatisticsStocksSupport and Resistancevolatilty

סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר הסקריפט הזה פרסם אותו בקוד פתוח, כך שסוחרים יוכלו להבין ולאמת אותו. כל הכבוד למחבר! אתה יכול להשתמש בו בחינם, אבל השימוש החוזר בקוד זה בפרסום כפוף לכללי הבית. אתה יכול להכניס אותו למועדפים כדי להשתמש בו בגרף.

רוצה להשתמש בסקריפ זה בגרף?



Trusted Pine Programmer, I Provide Coding Services. For Inquiries
► Website muqwishi.com/home/quotation/
► Telegram t.me/MUQWISHI


⛾ Support My Work on “Buy Me a Coffee” buymeacoffee.com/muqwishi
גם על:

כתב ויתור