garethyeo

ATR Channels

ATR Channels help you to identify where to place your stop-loss or trailing stop-loss based on price volatility , according to the Average True Range (ATR).
Release Notes: Added more smoothing options. Now you can choose between RMA, EMA, SMA and WMA.
Release Notes: Updated to Pine Script version 4.

Now you can choose a different candle source for each band.
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.

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?