OPEN-SOURCE SCRIPT
ATR DEEP
ATR Bottom Indicator:
ATR Bottom is a dynamic support level based on market volatility (ATR) and a long-term moving average. It helps identify a price zone where downside risk significantly increases.
Unlike static levels, this indicator adapts to current market volatility and adjusts as market conditions change.
How it works:
Calculated using a moving average and ATR
The level represents the difference between average price and volatility
Always plotted below price and updates dynamically
Not a standalone entry signal
Interpretation:
Price above the line — market remains stable
Price touching the line — potential reaction or slowdown zone
Close below the line — sign of scenario shift and increased bearish pressure
Important:
Does not predict exact market bottoms
Designed for scenario-based analysis
Best used in combination with other analytical tools
ATR Bottom is a dynamic support level based on market volatility (ATR) and a long-term moving average. It helps identify a price zone where downside risk significantly increases.
Unlike static levels, this indicator adapts to current market volatility and adjusts as market conditions change.
How it works:
Calculated using a moving average and ATR
The level represents the difference between average price and volatility
Always plotted below price and updates dynamically
Not a standalone entry signal
Interpretation:
Price above the line — market remains stable
Price touching the line — potential reaction or slowdown zone
Close below the line — sign of scenario shift and increased bearish pressure
Important:
Does not predict exact market bottoms
Designed for scenario-based analysis
Best used in combination with other analytical tools
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.