OPEN-SOURCE SCRIPT
Ultimate ATR Pro
Ultimate ATR Pro - Professional Volatility Analysis Tool
Unlock Market Turning Points with Precision Volatility Analysis
Key Features
1. Advanced ATR Calculation Engine
4 MA Types: RMA (Wilder's), SMA, EMA, WMA
Customizable Period: Adjust ATR length (default: 14)
Multi-Timeframe Compatible: Works on all chart intervals
2. Smart Volatility Extremum Detection
Low Volatility Signals: Identifies ATR contraction periods
High Volatility Signals: Detects ATR expansion phases
Custom Lookback Period: Set detection window (10-500 bars)
3. Professional Divergence System
Bullish Divergence: Price ↑ while ATR ↓ (trend continuation signal)
Bearish Divergence: Price ↓ while ATR ↑ (trend acceleration signal)
Visual Connection Lines: Dotted lines highlight price-ATR relationships
4. Visual Extreme Value Lines (NEW!)
Lowest ATR Line: Customizable dotted line showing minimum volatility level
Highest ATR Line: Customizable dotted line marking maximum volatility level
Dynamic Positioning: Auto-updates with each new bar
5. Complete Customization System
Full Color Control:
Signal markers (low/high volatility)
Divergence labels
ATR line
Extreme value lines
Background highlights
Toggle Features: Enable/disable any visual element
6. Intelligent Alert System
Dual Alert Types:
Volatility Extremes (Low/High ATR)
Divergence Signals (Bullish/Bearish)
Smart Cooldown: Prevent alert fatigue with adjustable cooldown period
Visual Alert Tags: Color-coded notifications at chart top
7. Professional Dashboard
Real-time status monitoring:
Current volatility state
Cooldown timers
Extreme ATR values
Divergence detection status
Color-coded for instant recognition
How Traders Benefit
Strategic Applications
markdown
复制
| SIGNAL | MARKET CONDITION | TRADING IMPLICATION |
|-----------------------|---------------------------|------------------------------------|
| Low Volatility | Contraction/Consolidation | Prepare for breakout strategies |
| High Volatility | Expansion/Climax | Watch for reversals or pauses |
| Bullish Divergence | Price↑ ATR↓ | Trend continuation opportunity |
| Bearish Divergence | Price↓ ATR↑ | Trend acceleration warning |
| Lowest ATR Line Break | Volatility breakout | Confirm directional movement |
Risk Management Tools
ATR-Based Position Sizing: Use extreme values to calculate optimal trade size
Dynamic Stop Loss: Adjust stops based on current volatility regime
Volatility Filtering: Avoid trading during uncertain high-volatility periods
Setup Recommendations
Parameter Guide
pine
复制
length: 14 // Standard ATR period
lookback: 50 // Optimal for swing trading
cooldownPeriod: 14// Balanced alert frequency
minLineColor: #00C853 // Bright green for low volatility
maxLineColor: #FF3D00 // Bright red for high volatility
Professional Configurations
Day Trading: Lookback=20-30, Cooldown=5-10
Swing Trading: Lookback=50-100, Cooldown=10-20
Position Trading: Lookback=100-200, Cooldown=20-50
Why Choose Ultimate ATR Pro?
"Transforms complex volatility analysis into clear, actionable visual cues - the essential tool for breakout traders and risk managers alike."
Install Now To:
Spot consolidation before big moves
Identify exhaustion at trend extremes
Automate volatility-based position sizing
Receive instant alerts at critical volatility turns
Gain professional-grade insights into market dynamics
Master market rhythms with the most advanced ATR analysis tool on TradingView!
Compatibility: Works flawlessly across stocks, forex, crypto, and commodities on all timeframes.
Version: 2.0 (Enhanced with Extreme Value Lines)
Category: Volatility Analysis | Risk Management | Professional Trading
Unlock Market Turning Points with Precision Volatility Analysis
Key Features
1. Advanced ATR Calculation Engine
4 MA Types: RMA (Wilder's), SMA, EMA, WMA
Customizable Period: Adjust ATR length (default: 14)
Multi-Timeframe Compatible: Works on all chart intervals
2. Smart Volatility Extremum Detection
Low Volatility Signals: Identifies ATR contraction periods
High Volatility Signals: Detects ATR expansion phases
Custom Lookback Period: Set detection window (10-500 bars)
3. Professional Divergence System
Bullish Divergence: Price ↑ while ATR ↓ (trend continuation signal)
Bearish Divergence: Price ↓ while ATR ↑ (trend acceleration signal)
Visual Connection Lines: Dotted lines highlight price-ATR relationships
4. Visual Extreme Value Lines (NEW!)
Lowest ATR Line: Customizable dotted line showing minimum volatility level
Highest ATR Line: Customizable dotted line marking maximum volatility level
Dynamic Positioning: Auto-updates with each new bar
5. Complete Customization System
Full Color Control:
Signal markers (low/high volatility)
Divergence labels
ATR line
Extreme value lines
Background highlights
Toggle Features: Enable/disable any visual element
6. Intelligent Alert System
Dual Alert Types:
Volatility Extremes (Low/High ATR)
Divergence Signals (Bullish/Bearish)
Smart Cooldown: Prevent alert fatigue with adjustable cooldown period
Visual Alert Tags: Color-coded notifications at chart top
7. Professional Dashboard
Real-time status monitoring:
Current volatility state
Cooldown timers
Extreme ATR values
Divergence detection status
Color-coded for instant recognition
How Traders Benefit
Strategic Applications
markdown
复制
| SIGNAL | MARKET CONDITION | TRADING IMPLICATION |
|-----------------------|---------------------------|------------------------------------|
| Low Volatility | Contraction/Consolidation | Prepare for breakout strategies |
| High Volatility | Expansion/Climax | Watch for reversals or pauses |
| Bullish Divergence | Price↑ ATR↓ | Trend continuation opportunity |
| Bearish Divergence | Price↓ ATR↑ | Trend acceleration warning |
| Lowest ATR Line Break | Volatility breakout | Confirm directional movement |
Risk Management Tools
ATR-Based Position Sizing: Use extreme values to calculate optimal trade size
Dynamic Stop Loss: Adjust stops based on current volatility regime
Volatility Filtering: Avoid trading during uncertain high-volatility periods
Setup Recommendations
Parameter Guide
pine
复制
length: 14 // Standard ATR period
lookback: 50 // Optimal for swing trading
cooldownPeriod: 14// Balanced alert frequency
minLineColor: #00C853 // Bright green for low volatility
maxLineColor: #FF3D00 // Bright red for high volatility
Professional Configurations
Day Trading: Lookback=20-30, Cooldown=5-10
Swing Trading: Lookback=50-100, Cooldown=10-20
Position Trading: Lookback=100-200, Cooldown=20-50
Why Choose Ultimate ATR Pro?
"Transforms complex volatility analysis into clear, actionable visual cues - the essential tool for breakout traders and risk managers alike."
Install Now To:
Spot consolidation before big moves
Identify exhaustion at trend extremes
Automate volatility-based position sizing
Receive instant alerts at critical volatility turns
Gain professional-grade insights into market dynamics
Master market rhythms with the most advanced ATR analysis tool on TradingView!
Compatibility: Works flawlessly across stocks, forex, crypto, and commodities on all timeframes.
Version: 2.0 (Enhanced with Extreme Value Lines)
Category: Volatility Analysis | Risk Management | Professional Trading
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.