OPEN-SOURCE SCRIPT
[S.Day] 5min ATR Trend
● Indicator Overview
● Settings
● How to Use
- Displays the ATR Trend for both the 5-minute and 15-minute timeframes.
- The ATR settings are fixed at Period: 4 and Multiplier: 3.25.
- Available only on the 5-minute chart.
● Settings
- [Color]: Display color for each ATR Trend.
● How to Use
- Primary Use: Trend Identification (70%) / Support & Resistance (30%)
- For specific trading setups, use the ATR Trend as a trend filter and only take trades in the direction of the prevailing trend.
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.