OPEN-SOURCE SCRIPT
Ciera- Backtest xATR Distance Meter (Manual)
MAKE SURE THE INDICATOR VISUAL ORDER IS BROUGH TO THE FRONT SO YOU CAN SEE THE LABLE ON THE CHART!
**CLICK 3 DOTS ON THE SIDE OF INDCATOR TAB -> VISUAL ORDER -> BRING TO FRONT**
xATR Distance Meter is a lightweight measurement tool that calculates how far price has moved between two user-defined price levels in terms of ATR expansion (xATR).
Instead of measuring moves only in points or ticks, this indicator normalizes price movement using Average True Range (ATR), allowing traders to objectively evaluate whether a move is early, mature, or statistically extended relative to current market volatility.
The result is displayed in a compact lower-left chart label designed to stay visible without obstructing price action.
How It Works
Enter a Start Price and End Price.
The indicator measures:
Total price movement (points)
Current ATR value
Total movement expressed as xATR
A small on-chart label updates in real time as conditions change.
Because ATR adapts to volatility, the measurement remains consistent across all markets and timeframes.
Label Information
The on-chart display shows:
Direction — Up or Down movement
Total Move — Distance between prices
ATR Value — Volatility reference
xATR Expansion — Normalized movement strength
Why Use xATR?
ATR-normalized distance helps answer critical trading questions:
Has price already moved too far?
Is momentum still fresh?
Is a reaction or exhaustion likely near a zone?
Is a breakout move statistically strong?
Typical interpretation:
xATR Move
Market Condition
< 1.0x
Early expansion
1.0–2.0x
Normal trend movement
2.0–3.0x
Mature move
3.0x+
Potential exhaustion
Features
✅ Minimal lower-left HUD label
✅ Works on all symbols and timeframes
✅ Selectable ATR timeframe (Chart / 1H / 4H / Daily)
✅ Real-time updates
✅ Non-intrusive visual design
✅ No repainting behavior
Intended Use
Best suited for traders using:
Supply & Demand zones
Market structure analysis
Momentum and exhaustion studies
Risk and target planning
ATR-based trade management
Notes
This indicator is a measurement and decision-support tool.
It does not generate buy or sell signals.
**CLICK 3 DOTS ON THE SIDE OF INDCATOR TAB -> VISUAL ORDER -> BRING TO FRONT**
xATR Distance Meter is a lightweight measurement tool that calculates how far price has moved between two user-defined price levels in terms of ATR expansion (xATR).
Instead of measuring moves only in points or ticks, this indicator normalizes price movement using Average True Range (ATR), allowing traders to objectively evaluate whether a move is early, mature, or statistically extended relative to current market volatility.
The result is displayed in a compact lower-left chart label designed to stay visible without obstructing price action.
How It Works
Enter a Start Price and End Price.
The indicator measures:
Total price movement (points)
Current ATR value
Total movement expressed as xATR
A small on-chart label updates in real time as conditions change.
Because ATR adapts to volatility, the measurement remains consistent across all markets and timeframes.
Label Information
The on-chart display shows:
Direction — Up or Down movement
Total Move — Distance between prices
ATR Value — Volatility reference
xATR Expansion — Normalized movement strength
Why Use xATR?
ATR-normalized distance helps answer critical trading questions:
Has price already moved too far?
Is momentum still fresh?
Is a reaction or exhaustion likely near a zone?
Is a breakout move statistically strong?
Typical interpretation:
xATR Move
Market Condition
< 1.0x
Early expansion
1.0–2.0x
Normal trend movement
2.0–3.0x
Mature move
3.0x+
Potential exhaustion
Features
✅ Minimal lower-left HUD label
✅ Works on all symbols and timeframes
✅ Selectable ATR timeframe (Chart / 1H / 4H / Daily)
✅ Real-time updates
✅ Non-intrusive visual design
✅ No repainting behavior
Intended Use
Best suited for traders using:
Supply & Demand zones
Market structure analysis
Momentum and exhaustion studies
Risk and target planning
ATR-based trade management
Notes
This indicator is a measurement and decision-support tool.
It does not generate buy or sell signals.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.