ATR% Multiple From MA - Overextensions tracking

ATR% Multiple From MA - Quantifiable Profit Taking Indicator
This overlay indicator identifies overextended price moves by calculating how many ATR% multiples price is away from a moving average, providing objective profit-taking signals.
Formula:

A = ATR% = (ATR / Price) × 100
B = % Gain from MA = ((Price - MA) / MA) × 100
ATR% Multiple = B / A

Signals:

Yellow circle at 7x: Start scaling out partial profits
Red circle at 10x+: Heavily overextended, aggressive profit taking recommended
Stats table: Real-time ATR% Multiple, % Gain from MA, ATR%, and action status

For very volatile markets I usually go for 10x and 15x extension instead of 7x and 10x.



This method normalizes moves across different volatility environments, eliminating emotional decision-making. Historical examples include PLTR, SOFI, TSLA, NVDA which stalled after exceeding 10x.

Customizable Settings:

ATR Length (default: 14)
MA Length (default: 50)
Profit Zone thresholds (7x, 10x)
Toggle circles and MA display