JRL_6

[JRL] ATR Pivot Points

This indicator plots pivot points with support and resistance lines based on average true range (ATR). ATR is one of the best volatility and trading range predictors, so it can be very useful for finding confluence in any strategy.
Release Notes: Fixed a bug
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

great work.. would you suggest something more on multipliers
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Thankyou!! I learned a lot from this. I have been struggling to find a good configuration that I could understand and your code is concise and very efficient!! I appreciate you sharing. I am finally at a point where I feel like I can start building my own with a little more confidence !
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JRL_6 geist999
@geist999, thank you for your kind words. Glad it helped. Cheers!
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I really appreciate your generous genius and contribution to the community.
I don't really see it my place to comment on such coding of a beauty!
But, it's a pity if you don't make this modification.
I believe it would serve better when you're using the "tickerid", to replace the "lookahead=true" with the more logical variable "barmerge.gaps_off, barmerge.lookahead_on".
Exclude the "barmerge.lookahead_on" when publishing the back-test versions.
Give it a try, and keep it up, pal ;-)
Cheers
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