OPEN-SOURCE SCRIPT
Breathing ATR Bands - 1.75 / 2.25 / 3.0
This indicator plots breathing ATR bands around VWAP using the 1.75, 2.25, and 3.00 ATR levels. The bands expand and contract with current volatility, helping identify areas where price may be extended from fair value. The 1.75 band can be used as the main reversion zone, the 2.25 band as a stronger stretch zone, and the 3.00 band as an extreme exhaustion area. It is designed to be paired with VWAP standard deviation bands, order flow, and market context to find higher-quality mean-reversion setups.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.