PROTECTED SOURCE SCRIPT
PFA_ATR Locha
Condensed Abstract (Advanced)
ATR Locha functions as a non-directional volatility-regime discriminator, operationalizing ATR normalized by price to detect latent shifts in market stress dynamics. By stratifying volatility into compression, equilibrium, and expansion states, it isolates pre-trend instability and post-trend exhaustion without invoking directional bias. The indicator is structurally anticipatory rather than predictive, serving as a probabilistic risk-state lens that contextualizes price behavior, enhances temporal positioning, and mitigates regime-mismatch errors when integrated with structural or trend-confirmatory frameworks.
ATR Locha functions as a non-directional volatility-regime discriminator, operationalizing ATR normalized by price to detect latent shifts in market stress dynamics. By stratifying volatility into compression, equilibrium, and expansion states, it isolates pre-trend instability and post-trend exhaustion without invoking directional bias. The indicator is structurally anticipatory rather than predictive, serving as a probabilistic risk-state lens that contextualizes price behavior, enhances temporal positioning, and mitigates regime-mismatch errors when integrated with structural or trend-confirmatory frameworks.
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Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.