OPEN-SOURCE SCRIPT
[fr0x] ATR H4 & D1 Dashboard (Real Price)
📊 Multi-Timeframe ATR Visualizer (H4 & Daily)
Optimize your risk management with this streamlined indicator that displays the Average True Range (ATR) in real time on two strategic timeframes: 4 Hours (H4) and Daily.
No need to switch timeframes to see the current volatility of the asset. This tool is designed for traders who want to place smart stop-losses and set price targets based on actual market volatility.
🚀 Key Features
Dual MTF Display: Instantly view the H4 ATR and Daily ATR directly on your current chart.
Standard Setting: Default configuration based on 14 periods, the industry standard for reliable analysis.
Real-Time Reading: Values update dynamically with each price movement.
Suitable for Price Action: Designed specifically for reading Japanese candlesticks.
💡 Why use this indicator?
ATR is essential for measuring market “breathing.” By knowing the Daily and H4 volatility, you can:
Adjust your Stop-Losses: Avoid being pushed out of the market by daily “noise.”
Validate a Breakout: A level breakout with a rising ATR often confirms the strength of the movement.
Calculate your position size: Adjust your leverage according to current volatility.
🛠️ Configuration
ATR period: 14 (can be changed in the settings).
Smoothing: RMWA (Wilder) method for optimal accuracy.
Note: This indicator is lightweight and does not clutter your interface, making it ideal for combining with your existing strategies.
Optimize your risk management with this streamlined indicator that displays the Average True Range (ATR) in real time on two strategic timeframes: 4 Hours (H4) and Daily.
No need to switch timeframes to see the current volatility of the asset. This tool is designed for traders who want to place smart stop-losses and set price targets based on actual market volatility.
🚀 Key Features
Dual MTF Display: Instantly view the H4 ATR and Daily ATR directly on your current chart.
Standard Setting: Default configuration based on 14 periods, the industry standard for reliable analysis.
Real-Time Reading: Values update dynamically with each price movement.
Suitable for Price Action: Designed specifically for reading Japanese candlesticks.
💡 Why use this indicator?
ATR is essential for measuring market “breathing.” By knowing the Daily and H4 volatility, you can:
Adjust your Stop-Losses: Avoid being pushed out of the market by daily “noise.”
Validate a Breakout: A level breakout with a rising ATR often confirms the strength of the movement.
Calculate your position size: Adjust your leverage according to current volatility.
🛠️ Configuration
ATR period: 14 (can be changed in the settings).
Smoothing: RMWA (Wilder) method for optimal accuracy.
Note: This indicator is lightweight and does not clutter your interface, making it ideal for combining with your existing strategies.
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.