OPEN-SOURCE SCRIPT
Anas daily atr forecasting
this indicator is used to forecast the coming day ATR by using hourly ATR and multiply by 24 hour then multiply with common Fibonacci retracement of 0.68 and 0.38 alternately
and it tracks the intraday price oscillation , so if first target reached its recommended for breakeven , 2nd target is the forecasted ATR and its recommended take profit for intraday
if there is a strong news and its expected to have strong movement last target is recommended .
and it tracks the intraday price oscillation , so if first target reached its recommended for breakeven , 2nd target is the forecasted ATR and its recommended take profit for intraday
if there is a strong news and its expected to have strong movement last target is recommended .
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 publication is governed by House rules. You can favorite it to use it on a chart.
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