OPEN-SOURCE SCRIPT

atr_channel

The original bollinger bands have a fixed deviation of 2%, this channel calculates the ATR % (Atr Percentage) and places the upper and lower bands
Average True Range (ATR)Bollinger Bands (BB)Standard Deviation

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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