– Free Open Auto ATR displays the median ATR for the last Median Period. It will auto-update once the high or low of the median ATR breaks. The idea is to play the range or break out and help increase risk/reward ratios. The full source can be viewed on GitHub.
https://github.com/WaleeTheRobot/open-auto-atr
Auto ATR
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This is an indicator that auto-updates the median Average True Range.
Trade Ideas
– Use the high, low, or median lines as targets or stops
– Play reversion from the upper and lower ranges
– Play breakouts from high and low
Properties
– ATR – The ATR period.
– ATR Multiplier – The multiplier is used with the ATR to calculate the prices.
– Median Period – Used to calculate the ATR for the last x number of bars.
– Fixed Length – The length of the lines.
– Right Offset – The offset for the lines from the right.
– Range Percentage – The range for the upper and lower ranges.
– Line Opacity – The opacity of the lines.
– Range Opacity – The opacity for the ranges.
– High Color – The color of the high line.
– Median Color – The color of the median line.
– Low Color – The color of the low line.
– Upper Range Color – The color of the upper range.
– Lower Range Color – The color of the lower range.
