[HM] HORIZONTAL GRID ROUNDED (VOLATILITY BASED) — Indicator by HelionMelion

volatility averagetruerange grid horizontal atr

The purpose of this indicator is to draw a horizontal grid having in mind:

- rounded price levels instead tradingview standard grid, zoom-based;
- calculated by volatility, using daily ATR;
- independent of timeframe in use, locked to DAILY calculations.

Further improvements are intended.
Wish this could be useful. Any questions, feel free to comment.

Release Notes:

8 levels, from previous 4 levels

Release Notes:

release notes: added option to change line colors (white/black), suggested by user "nursefit26".

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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