OPEN-SOURCE SCRIPT
Updated Multi ATR / %

Multi ATR / %
Can help you identify which timeframe is most efficiency to trade.
Can help you identify which timeframe is most efficiency to trade.
Release Notes
Indicator Description – Multi ATR % (MTF)This indicator is designed to visualize volatility across multiple timeframes, helping traders quickly identify which market phase or timeframe offers the most efficient trading opportunities.
By converting the Average True Range (ATR) into a percentage of price (ATR%), it provides a normalized measure of volatility that can be easily compared across different assets or timeframes.
🔍 Core Functions
Quick Volatility Comparison:
Instantly see which timeframe (e.g., 1D, 4H, 1H, 15m) is showing stronger or weaker volatility.
Stop-Loss Optimization:
Use the average ATR% as a reference to define reasonable stop-loss zones that adapt to current market conditions.
Grid & Range Trading Support:
When displayed in percentage mode, ATR% helps users design balanced grid intervals or range strategies with consistent risk-reward profiles.
📈 How to Use
Trend vs. Range Identification
Rising ATR% indicates expanding volatility and potential breakout conditions.
Falling ATR% suggests contraction and consolidation phases — ideal for grid or mean-reversion setups.
Cross-Timeframe Volatility Alignment
When higher-timeframe ATR% is strong while lower-timeframe ATR% remains stable, volatility is compressing within a larger structure.
When short-term ATR% spikes sharply, watch for intraday reversals or stop-hunt moves.
Practical Example
For SOL: daily ATR% ≈ 6% → grid spacing can be set around 1–2%.
For ETH: daily ATR% ≈ 3–4% → grid spacing around 0.8–1.2% works well.
💡 Tips
Combine with volume or CVD indicators to confirm momentum during volatility expansion.
Use different color schemes for each timeframe to visualize volatility compression and expansion phases clearly.
Works well as a supporting layer for automated or semi-automated trading systems.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.