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ATR Channels 1-2-3 + Elder Value Zone V2
This indicator combines volatility-based ATR channels with the Elder value zone to provide a structural view of trend and pullbacks.
It plots a central moving average and three pairs of ATR channels at 1, 2, and 3 times the Average True Range, giving a clear visualization of price extension relative to current volatility. The channels are linear and non-adaptive, serving strictly as a volatility envelope, not as support or resistance levels.
In addition, the indicator plots the Elder fast and slow exponential moving averages (EMA 13 and EMA 26) and highlights the area between them as the Elder value zone. This zone represents the price area where pullbacks occur within an established trend, and where continuation setups are typically evaluated.
The indicator does not generate signals or trading rules. It is designed for contextual analysis, helping to assess trend structure, volatility expansion or contraction, and whether price is extended or trading within a normal corrective range.
It plots a central moving average and three pairs of ATR channels at 1, 2, and 3 times the Average True Range, giving a clear visualization of price extension relative to current volatility. The channels are linear and non-adaptive, serving strictly as a volatility envelope, not as support or resistance levels.
In addition, the indicator plots the Elder fast and slow exponential moving averages (EMA 13 and EMA 26) and highlights the area between them as the Elder value zone. This zone represents the price area where pullbacks occur within an established trend, and where continuation setups are typically evaluated.
The indicator does not generate signals or trading rules. It is designed for contextual analysis, helping to assess trend structure, volatility expansion or contraction, and whether price is extended or trading within a normal corrective range.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
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。