ATR Based Entry and Exit Levels

This indicator calculates ATR‑based Entry and Exit levels for every candle using ATR(14) with RMA. Entry = High + ATR, Exit = Low − ATR. All values appear in the Data Window when hovering any candle. Plot lines are transparent by default to keep the chart clean, but can be shown by toggling the indicator visibility. Color‑coded: Entry (green), Exit (red), ATR (purple).

Notes de version

Changed the chart and updated the name

Notes de version

This indicator calculates ATR‑based Entry and Exit levels using Wilder’s RMA smoothing. The default ATR length is set to 14, but traders can modify it to suit different volatility conditions.

Entry is defined as High + ATR and Exit as Low − ATR, with all values rounded to two decimals for clean precision. All plots remain fully transparent by default to keep the chart uncluttered, while still showing complete values in the Data Window when hovering over candles.

Ideal for traders who want volatility‑adjusted levels without adding visual noise to their charts.

Notes de version

The ATR value itself is intentionally hidden from the chart, data window, and status line using display.none — this prevents the smaller ATR number from collapsing the price scale and compressing candlestick visibility, which is a known TradingView scaling issue when mixing ATR and price values on an overlay pane.

il y a 4 jours

Notes de version

Added manual ATR multiplier input for fully customizable entry and exit levels.

This version now allows traders to define their own ATR percentage or multiple (e.g., 0.30 for 30%, 0.50 for 50%, 1.0 for 100%, 2.0 for 2× ATR).
Entry and exit levels automatically adjust based on the selected multiplier.

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

nishkumar11

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Script open-source

nishkumar11