OPEN-SOURCE SCRIPT
ATRx
If you use an ATR, when prices get to far away from a TREND MA they typically stall and/or snap back to the MA in order to "stabilize" the mean price.
This is an indicator that plots this. With a setting of 3x turning the bar color from green to red.
This is an indicator that plots this. With a setting of 3x turning the bar color from green to red.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.