OPEN-SOURCE SCRIPT
DD ATR bands
The top band is ATR added to candle high (with given length and multiplication). The bottom one is analogic.
Created for finding initial stop loss for entry on low timeframes. Use band value at last major high/low to place the stop loss at.
It shows prices with acceptable risk and a reasonable margin for market volatility.
Created for finding initial stop loss for entry on low timeframes. Use band value at last major high/low to place the stop loss at.
It shows prices with acceptable risk and a reasonable margin for market volatility.
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.