ATR Bands with vortex indicator [LM]

lmatl Updated   
Hello traders,

I would like to present you ATR Bands with vortex indicator. This indicator is different than my others I used not that known vortex indicator as a entry indicator, and atr bands I have used as a exit indicator.

You can see 2 set of bands with different multiplicator, first is used as first target profit, stop loss and second as a second target

There are to modes that takes, first is static mode that gives you lines with 1st, 2nd target profit and in red color stop loss

In the static mode you can also turn off extending line he price reach the level:

Second mode is tracking atr first band with candle offset of your choosing:

The trailing functionality is not working 100% but I as thinking to share it anyway and see maybe some feedback and meantime I will fix the trailing behavior.

Genreal settings - basic setting of source for atr bands, line settings,
First atr bands setting
Second atr bands setting
Vortex setting

Cheers and Happy Xmas,
Release Notes:
Minor change in input title
Release Notes:
Fixed problem with the trailing of first atr band
Release Notes:
adding option to remove repaint as the signal is derived from vortex plus/minus cross
Release Notes:
fixing problem when repainting is off and trailing is on
Release Notes:
Added setting for Triple ema smoothing, by default is turned off

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.


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?