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Daily ATR Bands @langshen
Daily ATR Bands for Intraday Traders (5min Chart)
Description:
This indicator is designed for intraday traders who want to incorporate daily ATR (Average True Range) levels into their lower timeframe analysis, specifically the 5-minute chart.
It calculates:
The daily ATR using your selected period (default: 14).
An upper band: Daily close + ATR × multiplier (default: 2.0).
A lower band: Daily close – ATR × multiplier (default: 2.0).
These bands serve as dynamic support and resistance zones, helping traders identify potential stop-loss areas or exhaustion levels during the trading day.
🔹 Ideal for scalpers and day traders
🔹 Visualizes higher timeframe volatility boundaries
🔹 Useful for risk management and breakout validation
Description:
This indicator is designed for intraday traders who want to incorporate daily ATR (Average True Range) levels into their lower timeframe analysis, specifically the 5-minute chart.
It calculates:
The daily ATR using your selected period (default: 14).
An upper band: Daily close + ATR × multiplier (default: 2.0).
A lower band: Daily close – ATR × multiplier (default: 2.0).
These bands serve as dynamic support and resistance zones, helping traders identify potential stop-loss areas or exhaustion levels during the trading day.
🔹 Ideal for scalpers and day traders
🔹 Visualizes higher timeframe volatility boundaries
🔹 Useful for risk management and breakout validation
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
感谢币圈web3伙伴的关注！先自我介绍下，我是浪神，稳定盈利的中长线交易员
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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。