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.


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