OPEN-SOURCE SCRIPT
Daily ATR Box Tool
Useful for range trader / mean reversion trader. It gives you the average of X-Days ATR vs Current ATR.
If current ATR has achieved >50% of your X-Day ATR, then you know market would have higher probability to reverse somewhere.
If current ATR has achieved >50% of your X-Day ATR, then you know market would have higher probability to reverse somewhere.
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.