OPEN-SOURCE SCRIPT
Updated

[JL] ATR HL Cloud

5 858
I am playing ATR now.

This script is made to watch ATR and highest-lowest.

ATR is calculated by max of short period and long period.

Up cloud is lowest price plus ATR * Multi

Dn cloud is highest price decrease ATR* Multi

Higher and higher cloud means up trend

Lower and lower cloud means dn trend
Release Notes
Plot a mid to detect entry point:
- Up trend, only entry below mid
- Dn trend, only entry above mid

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.