OPEN-SOURCE SCRIPT
ATR Alpha: Volatility-Adjusted Exits

Overview
The ATR Volatility Guardian is a precision risk management tool designed to filter out market noise and provide mathematically sound exit levels. Instead of using arbitrary percentages, this indicator calculates stops and targets based on the asset's current Average True Range (ATR), ensuring your trade has enough "breathing room" to survive normal volatility.
Key Features:
How to use:
The ATR Volatility Guardian is a precision risk management tool designed to filter out market noise and provide mathematically sound exit levels. Instead of using arbitrary percentages, this indicator calculates stops and targets based on the asset's current Average True Range (ATR), ensuring your trade has enough "breathing room" to survive normal volatility.
Key Features:
- Dynamic Volatility Monitoring: Displays the real-time ATR value and the Volatility Percentage (ATR/Price), allowing you to instantly gauge the risk profile of any asset.
- Noise-Filtered Stop Loss: Automatically calculates a suggested Stop Loss based on a customizable ATR multiplier (defaulted to 1.05 for tight risk management).
- Volatility-Based Targets: Provides a projected take-profit level using a 1:2 Risk/Reward ratio derived from the current ATR.
- Clean UI: All critical data is streamed directly to the indicator's status line to keep your chart clutter-free and professional.
How to use:
- Check Volatility %: If the percentage is exceptionally high (e.g., >15%), consider reducing your position size to account for the increased swing range.
- Set Your Stop: Use the "Stop Loss" value as your technical floor. This level represents the boundary where price action exceeds "normal" expected volatility.
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.