ATR Trend Bands [Misu] — Indicator by Fontiramisu

bandsandchannels averagetruerange trend trendlinebreak breakout trendreversal reversal reverse reversalzone bands buysellsignal

█ This indicator shows an upper and lower band based on price action and ATR (Average True Range)
The average true range (ATR) is a market volatility indicator used in technical analysis.

█ Usages:
The purpose of this indicator is to identify changes in trends and price action.
It is mainly used to identify breaking points and trend reversals.
But it can also be used to show resistance or support levels.

█ Features:
> Buy & Sell Alerts
> Buy & Sell Labels
> Color Bars
> Show Bands

█ Parameters:
Length: Length is used to calculate ATR.
Atr Multiplier: A factor used to balance the impact of the ATR on the Trend Bands calculation.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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