DonkeyEmporium

ATR Limits | Custom Timeframe | Day | Week | Month | H4 | H1

DonkeyEmporium Updated   
Marks out the ATR limits for your own custom selected timeframe

Allows you to set an "Exact Distance" for the ATR.

Note:
If the "Exact Distance" is set = 0
then an ATR will be calculated for you based on an average of the "ATR Periods"
i.e. By Default: atr(20)

Otherwise if "Exact Distance" is not = 0
then ATR limits will be calculated using your specified distance

E.g. Exact Distance = 0.5
Low of Day = 1.0
High of Day = 1.1

ATR Limit Low = 1.1 - 0.5 = 0.6
ATR Limit High = 1.0 + 0.5 = 1.5

Enjoy!
Release Notes:
Fixed bug in calculating true range gaps
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?