OPEN-SOURCE SCRIPT
TP/SL ATR Levels
This indicator plots two customized Average True Range (ATR) levels on the chart. The high ATR level (TP) is calculated using a 1.5x multiplier, while the low ATR level (SL) uses a 1.0x multiplier. This script is ideal for traders monitoring volatility boundaries relative to price action.
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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