ATR Report & Tool
█ OVERVIEW
The indicator measures how often price reaches ATR-based distance thresholds using historical data.
This tool provides statistical context for trading.
█ CONCEPTS
The True Range (TR) measures the raw price variation, while the Average True Range (ATR) measures how much a market typically moves over a given period.
By comparing each TR with its corresponding ATR, the indicator reports how often price reaches ATR multiples. The results help you make more informed trading decisions.
Many traders take profit at 1× ATR. Would exiting earlier improve your win rate?
Your target sits at 2× ATR. Can you expect to close your position before the end of the selected timeframe?
You have identified multiple entry levels at distinct resistances above the current price. Which one is statistically more likely to get filled?
If your stop-loss is 0.5× ATR away, what is the historical probability that price hits your stop?
█ FEATURES
Probability table
Each percentage represents the historical frequency with which price trades at or exceeds a given ATR multiple over the selected timeframe.
Price selection tool
Point to a specific price on the chart beyond the current trading range, and the indicator calculates the distance in ATR. You can then refer to the probability table.
ATR settings
Configure the timeframe, length, smoothing, and ATR value reference.
Data Window
Find additional data in the Data Window.
█ NOTES
The TR is measured from high to low (including price gaps). The Price Selection Tool measures ATR distance using the same convention.
The indicator measures how often price reaches ATR-based distance thresholds using historical data.
This tool provides statistical context for trading.
█ CONCEPTS
The True Range (TR) measures the raw price variation, while the Average True Range (ATR) measures how much a market typically moves over a given period.
By comparing each TR with its corresponding ATR, the indicator reports how often price reaches ATR multiples. The results help you make more informed trading decisions.
Many traders take profit at 1× ATR. Would exiting earlier improve your win rate?
Your target sits at 2× ATR. Can you expect to close your position before the end of the selected timeframe?
You have identified multiple entry levels at distinct resistances above the current price. Which one is statistically more likely to get filled?
If your stop-loss is 0.5× ATR away, what is the historical probability that price hits your stop?
█ FEATURES
Probability table
Each percentage represents the historical frequency with which price trades at or exceeds a given ATR multiple over the selected timeframe.
Price selection tool
Point to a specific price on the chart beyond the current trading range, and the indicator calculates the distance in ATR. You can then refer to the probability table.
ATR settings
Configure the timeframe, length, smoothing, and ATR value reference.
Data Window
Find additional data in the Data Window.
█ NOTES
The TR is measured from high to low (including price gaps). The Price Selection Tool measures ATR distance using the same convention.
可在付費空間使用
此指標僅對Premium Indicators訂閱用戶開放。加入訂閱即可訪問此腳本及sbtnc的其他腳本。
✨ Paid indicators: tradingview.com/spaces/sbtnc/
👨💻 Listed as "Trusted Pine Programmer"
👨💻 Listed as "Trusted Pine Programmer"
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
可在付費空間使用
此指標僅對Premium Indicators訂閱用戶開放。加入訂閱即可訪問此腳本及sbtnc的其他腳本。
✨ Paid indicators: tradingview.com/spaces/sbtnc/
👨💻 Listed as "Trusted Pine Programmer"
👨💻 Listed as "Trusted Pine Programmer"
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。