OPEN-SOURCE SCRIPT
ATR Daily Bands
A volatility-based band indicator using a 5-day range and daily ATR to define dynamic support and resistance zones.
Bands expand and contract with volatility, helping identify:
Overextended price moves
Mean reversion areas
Breakout continuation zones
Uses completed daily data to avoid intraday drift, making levels consistent and reliable across intraday charts.
Bands expand and contract with volatility, helping identify:
Overextended price moves
Mean reversion areas
Breakout continuation zones
Uses completed daily data to avoid intraday drift, making levels consistent and reliable across intraday charts.
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.