OPEN-SOURCE SCRIPT
Red Candle ATR
This ATR - Average True Range - Measures only red candles, giving the average true range of market declines.
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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