Zeiierman

Rolling ATR Channel (Expo)

Rolling ATR Channel (Expo) is a sophisticated indicator that identifies the underlying trend as well as identifies ATR based trading ranges. In a trending market, the price will be within the Upper or Lower band. If the market is in a trading range, the price will bounce between the upper and lower ATR zones, until the price breaks through and creates a new trend. The user will no longer have to guess in which state the market is in, the indicator displays it clearly.

  • So, the indicator displays real-time Range (ATR based) support and resistance zones as well as if the market is in a trend.
  • If you know the current market state, you have the ability to choose the most applicable market strategy.

  • Real-time
  • No repainting
  • Works on any market and in any timeframe

HOW TO USE

- Use the indicator to identify trading range support and resistance zones.
- Use the indicator to identify when the price breaks through the trading range.
- Use the indicator to identify if the market is in a trend.


INDICATOR IN ACTION

4 Hour chart


I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!



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Disclaimer


Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/ideas are only for educational purposes!


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Comments

Looks like this could come in very handy good job!
+1 Reply
Wow, Just now looking at this on my charts, I’m pumped to see more of it in action, Excellent Work as usual!
- AB
+1 Reply
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