OPEN-SOURCE SCRIPT
Updated RMA ATR Bands
RMA ATR Bands is a directional volatility trend indicator built around a smoothed RMA baseline combined with asymmetric ATR expansion bands.
Unlike traditional symmetric ATR envelopes, the indicator uses independent upper and lower ATR multipliers to create adaptive directional filtering and trend regime detection. This allows the system to respond differently to bullish and bearish volatility conditions while maintaining a smoother baseline structure through RMA smoothing.
Bullish regime:
• Price closes above the upper ATR expansion band
Bearish regime:
• Price closes below the lower ATR expansion band
Unlike traditional symmetric ATR envelopes, the indicator uses independent upper and lower ATR multipliers to create adaptive directional filtering and trend regime detection. This allows the system to respond differently to bullish and bearish volatility conditions while maintaining a smoother baseline structure through RMA smoothing.
Bullish regime:
• Price closes above the upper ATR expansion band
Bearish regime:
• Price closes below the lower ATR expansion band
Release Notes
Update:• Enabled intra-bar updates for faster signal responsiveness
• Added detailed tooltips to all settings
• Improved input organization and readability
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.