OPEN-SOURCE SCRIPT
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Arego ATR

This script automatically calculates ATR on a daily basis where it would be highest and lowest and draws a line there.
With this you can see whether stock has passed the ATR or not.

When stock moves, line is adjusted as well. For example, the stock opened at $100 and moved down $1.
ATR is $5.
Script will then draw two lines on the chart.
Daily low ATR would then be $95 and daily high ATR would then be $104.

The formula is very simple:

Current price + ATR = daily high
Current price - ATR = daily low
Nota Keluaran
I corrected my misconceptions in script logic.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.