OPEN-SOURCE SCRIPT
ATR Beams
ATR Beams is a simple indicator that utilizes the ATR to determine levels above and below price action that can serve as stop loss or trailing visual aids across all instruments.
This indicator is preset to an ATR value of 14 and a multiplier of 1 for the ATR.
Both of these parameters can be modified to your specific trading preference, the color and indicator line style can both also be modified to your visual preference.
I hope this provides you with a good visual aid
This indicator is preset to an ATR value of 14 and a multiplier of 1 for the ATR.
Both of these parameters can be modified to your specific trading preference, the color and indicator line style can both also be modified to your visual preference.
I hope this provides you with a good visual aid
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.