ATR alerts & backtesting — Indicator by Kch28

averagetruerange atr bots trailingstop trailing trailingtakeprofit trailingstoploss trailingsell dca scalping

The Basics
Alert will trigger if the current (real time) price surpasses the high of the ATR of the previous bar. (can also be set for the Low of the ATR). Each time the follow up candle surpasses the high of the previous ATR, the background will be coloured orange. This makes back testing easier on the eye. This can be turned off.
- Colours can be changed.
- Can also set a color and alert when the current price surpasses the Low of the ATR of the previous bar.
- ATR distance can be changed.
- Can be used on different chart types.
- Can be used as entry or exits in combination with bots.
- Can display only ATR top or bottom or both.

Example
An alert will trigger if the price of the current bar surpasses the red dot (ATR) of the previous bar.
Alerts can be created on all timeframes, if this is within your Tradingview plan.

Final Words
Disclaimer: Please use it with care and at own risk. The owner of this indicator is not liable for any financial losses.
Past performance is no guarantee of future returns.

Beware of scammers. I do NOT have Telegram, Discord, Instagram, Twitter, Youtube or Facebook.

Tradingview is the only channel I use.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Kch28 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Author's instructions

Please direct message me for invites. I will respond asap. Thank you.

Want to use this script on a chart?

Warning: please read before requesting access.