OPEN-SOURCE SCRIPT
Trend Zones & ATR Targets[CongTrader]
TrendZones ATR is a dynamic trend and support/resistance indicator that combines Hull Moving Average (HMA) smoothing, mid-price analysis, and ATR-based targets to identify precise trading zones and risk levels.
Key Features:
Adaptive Trend Zones — Calculates upper, midline (CoG), and lower borders from smoothed mid-price, adapting to market volatility.
Trend Classification — Detects uptrend, downtrend, or sideways conditions using slope-based logic.
Safe Level & Logical Stop — Automatically sets risk levels according to price zone classification.
Flexible TP Methods — Choose between %-based or ATR-based take-profit targets.
Optional ATR Support Zone — Adds an ATR-based support level for stronger confluence.
Risk & Zone Width Table — Displays real-time risk and channel width data on the chart.
How to Use:
Apply the indicator to any symbol and timeframe.
Identify market zones with color-coded fills.
Align trades with the detected trend direction.
Use Safe Level or Logical Stop for stop-loss placement.
Set TP targets using either % or ATR multiplier.
Combine with your own trade confirmation method for optimal results.
Acknowledgment:
Thanks to the TradingView community for inspiration and feedback. This script is original work by CongTrader.
Disclaimer:
This script is for educational purposes only and does not constitute financial advice. Trading carries risk and may not be suitable for all investors. Do your own research before making any trading decisions. The author is not responsible for any losses resulting from the use of this script.
#trendzones #atr #supportresistance #tradingview #forex #crypto #stocks #daytrading #swingtrading #riskmanagement #chartanalysis .
Key Features:
Adaptive Trend Zones — Calculates upper, midline (CoG), and lower borders from smoothed mid-price, adapting to market volatility.
Trend Classification — Detects uptrend, downtrend, or sideways conditions using slope-based logic.
Safe Level & Logical Stop — Automatically sets risk levels according to price zone classification.
Flexible TP Methods — Choose between %-based or ATR-based take-profit targets.
Optional ATR Support Zone — Adds an ATR-based support level for stronger confluence.
Risk & Zone Width Table — Displays real-time risk and channel width data on the chart.
How to Use:
Apply the indicator to any symbol and timeframe.
Identify market zones with color-coded fills.
Align trades with the detected trend direction.
Use Safe Level or Logical Stop for stop-loss placement.
Set TP targets using either % or ATR multiplier.
Combine with your own trade confirmation method for optimal results.
Acknowledgment:
Thanks to the TradingView community for inspiration and feedback. This script is original work by CongTrader.
Disclaimer:
This script is for educational purposes only and does not constitute financial advice. Trading carries risk and may not be suitable for all investors. Do your own research before making any trading decisions. The author is not responsible for any losses resulting from the use of this script.
#trendzones #atr #supportresistance #tradingview #forex #crypto #stocks #daytrading #swingtrading #riskmanagement #chartanalysis .
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。