OPEN-SOURCE SCRIPT

[S.Day] 5min ATR Trend

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● Indicator Overview
  • Displays the ATR Trend for both the 5-minute and 15-minute timeframes.
  • The ATR settings are fixed at Period: 4 and Multiplier: 3.25.
  • Available only on the 5-minute chart.


● Settings
  • [Color]: Display color for each ATR Trend.


● How to Use
  • Primary Use: Trend Identification (70%) / Support & Resistance (30%)
  • For specific trading setups, use the ATR Trend as a trend filter and only take trades in the direction of the prevailing trend.

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