OPEN-SOURCE SCRIPT
ATR Last-Bar Horizontal Stop Lines
This script draws ATR‑based horizontal levels only on the most recent candle, without plotting any historical lines. It uses TradingView’s line.new() engine instead of plot(), ensuring that:
Only one horizontal line per direction (Short/Long) is shown
The line is drawn only on the latest bar, never across previous bars
The line automatically updates on every new candle
Older lines are deleted instantly, avoiding chart clutter
Lines extend to the right for full visibility, but do not stretch across the entire historical chart
The script calculates ATR using the selected length and multiplier, then draws:
A Short ATR line above the current candle (High + ATR × Multiplier)
A Long ATR line below the current candle (Low − ATR × Multiplier)
Both lines can be enabled or disabled individually.
This tool is ideal for traders who want a clean chart with a single, dynamic ATR stop‑reference updated only for the current bar.
Only one horizontal line per direction (Short/Long) is shown
The line is drawn only on the latest bar, never across previous bars
The line automatically updates on every new candle
Older lines are deleted instantly, avoiding chart clutter
Lines extend to the right for full visibility, but do not stretch across the entire historical chart
The script calculates ATR using the selected length and multiplier, then draws:
A Short ATR line above the current candle (High + ATR × Multiplier)
A Long ATR line below the current candle (Low − ATR × Multiplier)
Both lines can be enabled or disabled individually.
This tool is ideal for traders who want a clean chart with a single, dynamic ATR stop‑reference updated only for the current bar.
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.