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 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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