OPEN-SOURCE SCRIPT
ATR Volatility Channel
ATR Volatility Channel
This indicator plots adaptive upper and lower volatility bands using EMA-smoothed highs and lows, expanded by ATR. Unlike Bollinger Bands, it uses true range instead of standard deviation, so the bands expand smoothly and predictably with actual price volatility.
It highlights dynamic support, resistance, and fair value, and can be used for ATR level bounces and trend structure analysis.
Settings:
EMA Length: Smooths the highs and lows to calculate the channel (default: 10)
ATR Length: Period used for the Average True Range (default: 14)
ATR Multiplier: Scales the channel width (default: 2)
Show Upper / Lower / Median
This indicator plots adaptive upper and lower volatility bands using EMA-smoothed highs and lows, expanded by ATR. Unlike Bollinger Bands, it uses true range instead of standard deviation, so the bands expand smoothly and predictably with actual price volatility.
It highlights dynamic support, resistance, and fair value, and can be used for ATR level bounces and trend structure analysis.
Settings:
EMA Length: Smooths the highs and lows to calculate the channel (default: 10)
ATR Length: Period used for the Average True Range (default: 14)
ATR Multiplier: Scales the channel width (default: 2)
Show Upper / Lower / Median
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.