OPEN-SOURCE SCRIPT
SPY ATR Bands
An all-in-one overlay that combines ATR-based deviation bands, all-time-high levels, and a weekly-EMA trend filter into a single clean tool. Built for swing dip-buying on SPY, but works on any symbol.
Features
• Multi-timeframe ATR bands (D / 4H / 1H) — Keltner-family bands built from an RMA centerline ± ATR × multiplier, with three depths each (narrow ×0.6 / main / wide ×1.5). Because they scale with ATR, a touch of the wide band means a statistically significant move relative to current volatility, not a fixed %. Lines are smoothed between higher-TF updates. Color-coded by TF (D / 4H / 1H), with optional narrow/wide layers.
• Intersection markers — A bubble is dropped at the deepest band touched within each incursion (narrow > main > wide), per timeframe. Instantly shows where price is interacting with each TF's volatility envelope.
• ATH line + pullback levels — Running all-time-high line plus −3 / −4 / −5 / −10 / −15 / −20 / −25% pullback levels (labels only). The ATH label shows price, days since the last ATH, and current trend-leg %. A live "Now" label shows price and exact % distance from the ATH (candle-colored).
• W EMA20 proxy (trend filter) — Approximates the weekly EMA20 on any timeframe (1H/Daily proxies, down to intraday) so you always see the higher-TF trend line. The line turns green when the last daily candle closes above it and red when it closes below — a clean bull/bear read. Includes a tolerance zone, an intersection marker, and an optional interpolation mode for a smooth line down to 5-minute charts.
• Built-in alerts — "Any intersection marker", "Lower-band touch (dip)", and "W EMA20 touch".
How to use
Watch for price tapping a lower band (oversold) while well below the ATH and above the W EMA20 line (trend intact). The deeper the band and the further from the ATH, the higher-conviction the pullback. The W EMA20 color tells you whether the broader regime is bullish or bearish.
Most colors, widths, tolerances and toggles are fully configurable in settings.
Not financial advice — for educational / technical-analysis use.
Features
• Multi-timeframe ATR bands (D / 4H / 1H) — Keltner-family bands built from an RMA centerline ± ATR × multiplier, with three depths each (narrow ×0.6 / main / wide ×1.5). Because they scale with ATR, a touch of the wide band means a statistically significant move relative to current volatility, not a fixed %. Lines are smoothed between higher-TF updates. Color-coded by TF (D / 4H / 1H), with optional narrow/wide layers.
• Intersection markers — A bubble is dropped at the deepest band touched within each incursion (narrow > main > wide), per timeframe. Instantly shows where price is interacting with each TF's volatility envelope.
• ATH line + pullback levels — Running all-time-high line plus −3 / −4 / −5 / −10 / −15 / −20 / −25% pullback levels (labels only). The ATH label shows price, days since the last ATH, and current trend-leg %. A live "Now" label shows price and exact % distance from the ATH (candle-colored).
• W EMA20 proxy (trend filter) — Approximates the weekly EMA20 on any timeframe (1H/Daily proxies, down to intraday) so you always see the higher-TF trend line. The line turns green when the last daily candle closes above it and red when it closes below — a clean bull/bear read. Includes a tolerance zone, an intersection marker, and an optional interpolation mode for a smooth line down to 5-minute charts.
• Built-in alerts — "Any intersection marker", "Lower-band touch (dip)", and "W EMA20 touch".
How to use
Watch for price tapping a lower band (oversold) while well below the ATH and above the W EMA20 line (trend intact). The deeper the band and the further from the ATH, the higher-conviction the pullback. The W EMA20 color tells you whether the broader regime is bullish or bearish.
Most colors, widths, tolerances and toggles are fully configurable in settings.
Not financial advice — for educational / technical-analysis use.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.