ATR Bands [NeoButane]

ATR bands, smoothed with exponential moving averages.

The difference between this and other ATR bands is that high and low are used as the source for top and bottom band, resulting in more accurate ATRs. It is also calculated in log-space to aid in making the bands more "springy" when it comes to extremely volatile assets or very low timeframes.

See here for an upgraded version:

Release Notes

- Added option to not use a moving average to get the real value for stop loss

Release Notes

Added alert conditions for the labels. Defaulted EMA smoothing to true.

Release Notes

Added additional bands that are off by default. These bands do not have alerts nor shapes attached to them, so I have turned "Show Labels When Price Closes Out of Bands" off for default to prevent confusion.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

NeoButane

My published indicators: tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

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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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

NeoButane

My published indicators: tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Also on: