OPEN-SOURCE SCRIPT
TICKFLOW_FUTURES-ATR-ZONES
The TICKFLOW_FUTURES-ATR-ZONES script is a dynamic indicator designed to help traders identify key zones of price action based on ATR (Average True Range) and Bollinger Bands. This script combines customizable moving averages, volatility-based bands, and trend slope calculations to provide a clear visual framework for analyzing trends, detecting potential reversals, and identifying high-probability buy/sell zones.
Key Features:
Dynamic ATR Zones:
Upper and lower bands are calculated using ATR and adjusted dynamically based on the visible price range, ensuring alignment with current market conditions.
Slope-Based Color Coding:
The middle line (moving average) dynamically changes its color based on the slope to indicate bullish, bearish, or neutral trends.
Bollinger Band Squeeze Detection:
Highlights periods of price contraction using Bollinger Band width, helping identify potential breakout setups.
Buy and Sell Signals:
Displays visual markers (BUY/SELL) based on slope changes and price action relative to the dynamic middle line.
Customizable Inputs:
Includes options to adjust ATR multiplier, Bollinger Band settings, moving average type, slope lookback period, and color preferences.
Visual Zones:
Shaded areas representing ATR-based upper and lower zones for a clear and intuitive price action framework.
Usage Instructions:
Clean Chart:
Use the script on a clean chart for best results. This ensures that the plotted zones, lines, and markers are easily interpretable without interference.
Understanding the Components:
The middle line represents the selected moving average type, providing the directional bias.
Upper and lower zones indicate potential reversal or continuation levels based on ATR.
BUY/SELL markers suggest trend initiation points but should be confirmed with additional analysis.
Customization:
Adjust input parameters (e.g., ATR multiplier, Bollinger Band settings) to fit your trading style and market conditions.
Important Notes:
This script works as a standalone tool and does not require other indicators to function.
Avoid using it with additional scripts on the same chart unless explicitly needed and described in your analysis.
Key Features:
Dynamic ATR Zones:
Upper and lower bands are calculated using ATR and adjusted dynamically based on the visible price range, ensuring alignment with current market conditions.
Slope-Based Color Coding:
The middle line (moving average) dynamically changes its color based on the slope to indicate bullish, bearish, or neutral trends.
Bollinger Band Squeeze Detection:
Highlights periods of price contraction using Bollinger Band width, helping identify potential breakout setups.
Buy and Sell Signals:
Displays visual markers (BUY/SELL) based on slope changes and price action relative to the dynamic middle line.
Customizable Inputs:
Includes options to adjust ATR multiplier, Bollinger Band settings, moving average type, slope lookback period, and color preferences.
Visual Zones:
Shaded areas representing ATR-based upper and lower zones for a clear and intuitive price action framework.
Usage Instructions:
Clean Chart:
Use the script on a clean chart for best results. This ensures that the plotted zones, lines, and markers are easily interpretable without interference.
Understanding the Components:
The middle line represents the selected moving average type, providing the directional bias.
Upper and lower zones indicate potential reversal or continuation levels based on ATR.
BUY/SELL markers suggest trend initiation points but should be confirmed with additional analysis.
Customization:
Adjust input parameters (e.g., ATR multiplier, Bollinger Band settings) to fit your trading style and market conditions.
Important Notes:
This script works as a standalone tool and does not require other indicators to function.
Avoid using it with additional scripts on the same chart unless explicitly needed and described in your analysis.
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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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.