OPEN-SOURCE SCRIPT

Impulse levels

Updated
The indicator detects impulses based on an increase in ATR and volume, and also plots levels based on these impulses.
Release Notes
Shift level lines one bar right
ATRAverage True Range (ATR)impulselevelsVolatilityVolume

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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