OPEN-SOURCE SCRIPT
Ciera- Backtest xATR Distance Meter (Manual)
MAKE SURE THE INDICATOR VISUAL ORDER IS BROUGH TO THE FRONT SO YOU CAN SEE THE LABLE ON THE CHART!
**CLICK 3 DOTS ON THE SIDE OF INDCATOR TAB -> VISUAL ORDER -> BRING TO FRONT**
xATR Distance Meter is a lightweight measurement tool that calculates how far price has moved between two user-defined price levels in terms of ATR expansion (xATR).
Instead of measuring moves only in points or ticks, this indicator normalizes price movement using Average True Range (ATR), allowing traders to objectively evaluate whether a move is early, mature, or statistically extended relative to current market volatility.
The result is displayed in a compact lower-left chart label designed to stay visible without obstructing price action.
How It Works
Enter a Start Price and End Price.
The indicator measures:
Total price movement (points)
Current ATR value
Total movement expressed as xATR
A small on-chart label updates in real time as conditions change.
Because ATR adapts to volatility, the measurement remains consistent across all markets and timeframes.
Label Information
The on-chart display shows:
Direction — Up or Down movement
Total Move — Distance between prices
ATR Value — Volatility reference
xATR Expansion — Normalized movement strength
Why Use xATR?
ATR-normalized distance helps answer critical trading questions:
Has price already moved too far?
Is momentum still fresh?
Is a reaction or exhaustion likely near a zone?
Is a breakout move statistically strong?
Typical interpretation:
xATR Move
Market Condition
< 1.0x
Early expansion
1.0–2.0x
Normal trend movement
2.0–3.0x
Mature move
3.0x+
Potential exhaustion
Features
✅ Minimal lower-left HUD label
✅ Works on all symbols and timeframes
✅ Selectable ATR timeframe (Chart / 1H / 4H / Daily)
✅ Real-time updates
✅ Non-intrusive visual design
✅ No repainting behavior
Intended Use
Best suited for traders using:
Supply & Demand zones
Market structure analysis
Momentum and exhaustion studies
Risk and target planning
ATR-based trade management
Notes
This indicator is a measurement and decision-support tool.
It does not generate buy or sell signals.
**CLICK 3 DOTS ON THE SIDE OF INDCATOR TAB -> VISUAL ORDER -> BRING TO FRONT**
xATR Distance Meter is a lightweight measurement tool that calculates how far price has moved between two user-defined price levels in terms of ATR expansion (xATR).
Instead of measuring moves only in points or ticks, this indicator normalizes price movement using Average True Range (ATR), allowing traders to objectively evaluate whether a move is early, mature, or statistically extended relative to current market volatility.
The result is displayed in a compact lower-left chart label designed to stay visible without obstructing price action.
How It Works
Enter a Start Price and End Price.
The indicator measures:
Total price movement (points)
Current ATR value
Total movement expressed as xATR
A small on-chart label updates in real time as conditions change.
Because ATR adapts to volatility, the measurement remains consistent across all markets and timeframes.
Label Information
The on-chart display shows:
Direction — Up or Down movement
Total Move — Distance between prices
ATR Value — Volatility reference
xATR Expansion — Normalized movement strength
Why Use xATR?
ATR-normalized distance helps answer critical trading questions:
Has price already moved too far?
Is momentum still fresh?
Is a reaction or exhaustion likely near a zone?
Is a breakout move statistically strong?
Typical interpretation:
xATR Move
Market Condition
< 1.0x
Early expansion
1.0–2.0x
Normal trend movement
2.0–3.0x
Mature move
3.0x+
Potential exhaustion
Features
✅ Minimal lower-left HUD label
✅ Works on all symbols and timeframes
✅ Selectable ATR timeframe (Chart / 1H / 4H / Daily)
✅ Real-time updates
✅ Non-intrusive visual design
✅ No repainting behavior
Intended Use
Best suited for traders using:
Supply & Demand zones
Market structure analysis
Momentum and exhaustion studies
Risk and target planning
ATR-based trade management
Notes
This indicator is a measurement and decision-support tool.
It does not generate buy or sell signals.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.